(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 2024-04-23 View latest technical analysis
10 day averaged volume of Elgi Rubber is 38785
Date | Daily Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 53.20 | 50.05 | 54.45 | 50.00 | 3.738 times |
22 Mon Apr 2024 | 50.05 | 49.80 | 51.00 | 49.10 | 0.659 times |
19 Fri Apr 2024 | 49.35 | 49.00 | 49.80 | 48.00 | 0.62 times |
18 Thu Apr 2024 | 49.70 | 50.05 | 50.90 | 49.20 | 1.298 times |
16 Tue Apr 2024 | 49.85 | 50.85 | 51.25 | 49.50 | 0.599 times |
15 Mon Apr 2024 | 49.90 | 51.30 | 51.30 | 48.30 | 1.184 times |
12 Fri Apr 2024 | 51.30 | 53.95 | 53.95 | 51.10 | 1.26 times |
10 Wed Apr 2024 | 53.95 | 55.70 | 55.90 | 53.65 | 0.984 times |
09 Tue Apr 2024 | 54.95 | 55.50 | 55.70 | 52.70 | 2.399 times |
08 Mon Apr 2024 | 54.60 | 56.00 | 56.25 | 54.15 | 0.34 times |
Stock of Elgi Rubber (ELGIRUBCO) has showed a significant upmove. This could be a good time to enter in this stock!
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 51.85. 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 | 48.00 |
Downside Target | 51.10 |
Upside Target | 53.85 |
Upside Target | 56.25 |
Upside Target | 57.60 |
Upside Target | 57.80 |
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 | 50.05 |
Downside Intraday Target | 46.9 |
Upside Intraday Target | 55.4 |
Upside Intraday Target | 57.6 |
Downside Intraday Target | 52.25 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 53.20 | 49.80 | 54.45 | 49.10 | 1.188 times |
19 Fri Apr 2024 | 49.35 | 51.30 | 51.30 | 48.00 | 0.743 times |
12 Fri Apr 2024 | 51.30 | 56.00 | 56.25 | 51.10 | 0.866 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 |
Price has moved up 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 |
23 Tue Apr 2024 | 53.20 | 49.00 | 57.80 | 48.00 | 0.324 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid 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 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 losing momentum.
MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.
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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
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 negative zone. This is the SELL 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 52.29 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 has given negative 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid 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 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 losing momentum.
MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.
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. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
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 negative zone. This is the SELL 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 52.29 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 has given negative 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.
Click here for Elgi Rubber charts
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Daily charts
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