(ELGIRUBCO) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO) share price targets
Complete technical analysis of Elgi Rubber (ELGIRUBCO) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO)
Showing technical analysis as on 2024-04-10 View latest technical analysis
10 day averaged volume of Elgi Rubber is 56819
Date | Daily Closing Price | Open | High | Low | Volume |
10 Wed Apr 2024 | 53.95 | 55.70 | 55.90 | 53.65 | 0.671 times |
09 Tue Apr 2024 | 54.95 | 55.50 | 55.70 | 52.70 | 1.637 times |
08 Mon Apr 2024 | 54.60 | 56.00 | 56.25 | 54.15 | 0.232 times |
05 Fri Apr 2024 | 54.15 | 55.65 | 56.15 | 53.80 | 0.45 times |
04 Thu Apr 2024 | 55.00 | 56.95 | 57.80 | 54.65 | 0.582 times |
03 Wed Apr 2024 | 56.05 | 54.75 | 57.00 | 54.20 | 1.335 times |
02 Tue Apr 2024 | 53.80 | 53.00 | 54.10 | 52.05 | 0.612 times |
01 Mon Apr 2024 | 53.10 | 49.00 | 53.95 | 48.95 | 0.949 times |
28 Thu Mar 2024 | 48.60 | 48.20 | 50.30 | 48.20 | 1.073 times |
27 Wed Mar 2024 | 48.55 | 48.90 | 50.50 | 48.10 | 1.369 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 54.3 as stoploss in an intra day sell trade for a target of 51.48. However, stock will show a bullish move above 54.3.
Share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Target | 44.70 |
Downside Target | 47.90 |
Downside Target | 51.20 |
Downside Target | 52.70 |
Downside Target | 53.85 |
Upside Target | 56.25 |
Upside Target | 57.60 |
Upside Target | 57.80 |
Upside Target | 59.00 |
Upside Target | 59.85 |
Upside Target | 63.90 |
Upside Target | 65.00 |
Upside Target | 69.90 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Intraday Target | 52.35 |
Downside Intraday Target | 50.75 |
Upside Intraday Target | 55.9 |
Upside Intraday Target | 57.85 |
Upside Intraday Target | 54.3 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
10 Wed Apr 2024 | 53.95 | 56.00 | 56.25 | 52.70 | 0.647 times |
05 Fri Apr 2024 | 54.15 | 49.00 | 57.80 | 48.95 | 0.934 times |
28 Thu Mar 2024 | 48.60 | 51.20 | 51.20 | 48.05 | 0.567 times |
22 Fri Mar 2024 | 50.55 | 51.65 | 54.90 | 47.90 | 0.399 times |
15 Fri Mar 2024 | 49.55 | 57.50 | 59.00 | 44.70 | 4.697 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Monthly Closing Price | Open | High | Low | Volume |
10 Wed Apr 2024 | 53.95 | 49.00 | 57.80 | 48.95 | 0.163 times |
28 Thu Mar 2024 | 48.60 | 61.45 | 65.00 | 44.70 | 0.452 times |
29 Thu Feb 2024 | 61.10 | 58.95 | 69.90 | 53.85 | 12.919 times |
31 Wed Jan 2024 | 58.15 | 60.80 | 63.90 | 57.60 | 0.104 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Elgi Rubber (ELGIRUBCO)
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elgi Rubber Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Elgi Rubber in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Elgi Rubber is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 52.97 and Elgi Rubber (ELGIRUBCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Elgi Rubber (ELGIRUBCO) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) stock is negative.
Elgi Rubber Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elgi Rubber Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Elgi Rubber in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Elgi Rubber is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 52.97 and Elgi Rubber (ELGIRUBCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Elgi Rubber (ELGIRUBCO) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) stock is negative.
Elgi Rubber Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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Daily charts
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