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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 2024-12-26 View latest technical analysis

10 day averaged volume of Elgi Rubber is 129622

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	130.16	115.65	137.70	114.11	4.124 times
24 Tue Dec 2024	117.36	123.00	123.00	115.55	0.264 times
23 Mon Dec 2024	119.24	122.70	124.84	118.00	0.353 times
20 Fri Dec 2024	120.88	126.90	128.59	120.02	0.415 times
19 Thu Dec 2024	125.04	126.60	129.93	122.61	0.525 times
18 Wed Dec 2024	126.49	133.00	135.83	125.10	0.731 times
17 Tue Dec 2024	134.07	126.30	139.90	121.61	5.079 times
16 Mon Dec 2024	122.30	128.64	128.66	122.00	0.291 times
13 Fri Dec 2024	125.64	122.90	126.95	119.50	0.625 times
12 Thu Dec 2024	122.57	126.84	128.10	121.33	0.812 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 trade for tomorrow is selective. Take a BUY trade only if stock stays above 129.7, but if it comes below 129.7, then a intra day sell could be more profitable.
If you take a sell trade below 129.7, then use 129.7 as stoploss and 121.85 as target. However if you take a buy trade in stock , then use 129.7 as stoploss and 139.2 as target.

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	114.11
Downside Target	118.15
Upside Target	137.70
Upside Target	139.90
Upside Target	139.95
Upside Target	143.80

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	116.95
Downside Intraday Target	103.73
Upside Intraday Target	140.54
Upside Intraday Target	150.91
Downside Intraday Target	127.32

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	130.16	122.70	137.70	114.11	0.673 times
20 Fri Dec 2024	120.88	128.64	139.90	120.02	1.104 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

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
26 Thu Dec 2024	130.16	113.80	143.80	105.30	0.967 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 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 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 to mid 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 129.56 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 positive

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