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(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 2024-12-16 View latest technical analysis

10 day averaged volume of Elgi Rubber is 319035

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	122.30	128.64	128.66	122.00	0.118 times
13 Fri Dec 2024	125.64	122.90	126.95	119.50	0.254 times
12 Thu Dec 2024	122.57	126.84	128.10	121.33	0.33 times
11 Wed Dec 2024	125.44	130.00	134.20	123.35	0.367 times
10 Tue Dec 2024	129.17	135.30	136.50	128.51	0.372 times
09 Mon Dec 2024	131.88	132.70	138.00	127.82	1.269 times
06 Fri Dec 2024	132.70	123.95	143.80	123.00	5.846 times
05 Thu Dec 2024	121.83	111.00	122.06	109.50	0.751 times
04 Wed Dec 2024	110.97	111.00	114.80	108.91	0.278 times
03 Tue Dec 2024	109.80	113.50	115.00	105.30	0.322 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 125.2 as stoploss in an intra day sell trade for a target of 113.3. However, stock will show a bullish move above 125.2.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	48.00
Downside Target	51.90
Downside Target	61.95
Downside Target	85.00
Downside Target	93.01
Downside Target	95.50
Downside Target	100.99
Downside Target	105.30
Downside Target	116.00
Downside Target	122.00
Upside Target	128.66
Upside Target	138.00
Upside Target	139.95
Upside Target	143.80

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	119.98
Downside Intraday Target	117.66
Upside Intraday Target	126.64
Upside Intraday Target	130.98
Upside Intraday Target	124.32

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	122.30	128.64	128.66	122.00	0.046 times
13 Fri Dec 2024	125.64	132.70	138.00	119.50	0.35 times
06 Fri Dec 2024	132.70	113.80	143.80	105.30	3.3 times
29 Fri Nov 2024	112.47	102.52	118.15	95.50	2.067 times
22 Fri Nov 2024	99.51	116.00	116.00	96.31	1.004 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
16 Mon Dec 2024	122.30	113.80	143.80	105.30	0.662 times
29 Fri Nov 2024	112.47	93.01	139.95	93.01	40.066 times
31 Thu Oct 2024	92.34	95.00	100.99	85.00	0.015 times
27 Mon May 2024	82.65	55.00	86.50	51.90	5.067 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Elgi Rubber in short term but the sell signal is initial and weak.

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing 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 129.37 and Elgi Rubber (ELGIRUBCO) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.