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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)

10 day averaged volume of Elgi Rubber is 133760

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 48.60 48.20 50.30 48.20 0.456 times
27 Wed Mar 2024 48.55 48.90 50.50 48.10 0.582 times
26 Tue Mar 2024 48.90 51.20 51.20 48.05 0.748 times
22 Fri Mar 2024 50.55 51.55 52.50 49.40 0.331 times
21 Thu Mar 2024 51.35 49.35 52.00 49.30 0.309 times
20 Wed Mar 2024 48.60 51.25 53.80 47.90 0.58 times
19 Tue Mar 2024 50.90 52.65 53.50 49.95 0.36 times
18 Mon Mar 2024 52.65 51.65 54.90 48.95 1.571 times
15 Fri Mar 2024 49.55 50.90 51.50 48.15 0.529 times
14 Thu Mar 2024 49.55 45.05 52.00 45.05 1.473 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.1 as stoploss in an intra day buy trade for a target of 53.37. However, stock will show a bearish move below 48.1.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Target 41.00
Downside Target 44.70
Downside Target 47.90
Upside Target 51.20
Upside Target 53.85
Upside Target 57.25
Upside Target 59.00
Upside Target 59.85
Upside Target 63.05
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 47.37
Downside Intraday Target 46.13
Upside Intraday Target 50.52
Upside Intraday Target 52.43
Upside Intraday Target 49.28

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date Weekly Closing Price Open High Low Volume
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
07 Thu Mar 2024 57.00 62.50 63.05 55.00 0.16 times
02 Sat Mar 2024 62.60 67.90 69.90 58.10 0.714 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
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
18 Mon Sep 2023 54.05 50.10 59.85 45.40 0.461 times

Scroll below to view daily charts

Price has moved down 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Rubber in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.15 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Rubber in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.15 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 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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