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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 28786

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 26.00 28.65 28.65 25.80 1.173 times
15 Thu Apr 2021 26.85 26.90 27.40 26.50 0.585 times
13 Tue Apr 2021 27.10 26.50 27.45 26.50 0.169 times
12 Mon Apr 2021 26.90 28.55 28.65 26.60 1.089 times
09 Fri Apr 2021 28.80 29.20 29.35 28.30 0.837 times
08 Thu Apr 2021 28.65 28.05 30.55 27.55 3.472 times
07 Wed Apr 2021 28.05 28.15 28.45 28.00 0.625 times
06 Tue Apr 2021 27.55 26.65 28.70 26.65 1.469 times
05 Mon Apr 2021 26.65 27.50 27.50 26.55 0.396 times
01 Thu Apr 2021 27.20 26.70 27.55 26.55 0.641 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 25.6, for a target of 26.8 or 27.73

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Target 18.30
Downside Target 22.15
Downside Target 25.75
Upside Target 28.10
Upside Target 28.85
Upside Target 29.45
Upside Target 30.55
Upside Target 32.00
Upside Target 32.50
Upside Target 36.45

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Intraday Target 24.98
Downside Intraday Target 23.97
Upside Intraday Target 27.83
Upside Intraday Target 29.67
Upside Intraday Target 26.82

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 26.00 28.55 28.65 25.80 0.444 times
09 Fri Apr 2021 28.80 27.50 30.55 26.55 3.012 times
01 Thu Apr 2021 27.20 26.40 28.85 26.25 0.742 times
26 Fri Mar 2021 27.40 29.45 29.45 26.70 0.221 times
19 Fri Mar 2021 29.15 31.70 32.50 28.10 0.927 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 Fri Apr 2021 26.00 26.70 30.55 25.80 0.23 times
31 Wed Mar 2021 26.60 28.50 32.50 26.25 0.942 times
25 Thu Feb 2021 29.40 30.75 32.00 26.55 0.265 times
29 Fri Jan 2021 30.65 22.45 36.45 22.15 3.74 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)

Indicator Name Indicator Value Indicator Signal
ADX 25, 13, 30 Buy
MACD -1, -0Sell
Stochastics 13Sell
CCI -77Sell
RSI 46Sell
OBV -135159Sell
VWAP 28Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 BUY. Signal strength is Strong and stock is gaining momentum.

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

Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal for Elgi Rubber in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 27.7 and Elgi Rubber (ELGIRUBCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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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Daily chart
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