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(ELGIRUBCO_BE) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO_BE) share price targets

Complete technical analysis of Elgi Rubber (ELGIRUBCO_BE) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO_BE)

Showing technical analysis as on 2023-12-26 View latest technical analysis

10 day averaged volume of Elgi Rubber is 51373

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Dec 2023	60.25	58.05	60.25	58.00	0.565 times
22 Fri Dec 2023	59.10	59.10	59.10	59.10	0.205 times
21 Thu Dec 2023	60.30	60.30	60.30	60.30	0.182 times
20 Wed Dec 2023	61.50	61.50	61.50	61.50	0.095 times
19 Tue Dec 2023	62.75	62.75	62.75	62.75	0.108 times
18 Mon Dec 2023	64.00	65.00	65.00	64.00	2.142 times
15 Fri Dec 2023	65.30	65.00	65.30	65.00	0.497 times
14 Thu Dec 2023	65.15	65.15	65.15	64.55	0.789 times
13 Wed Dec 2023	65.85	65.75	65.85	65.75	1.722 times
12 Tue Dec 2023	67.10	67.10	67.10	67.10	3.524 times

My analysis of stock is bearish for shortterm, and stock might move down till 57.3 or till 52.5. Use a stoploss of 61.27 and if the stock hits stoploss, then it can shoot up till 65.23

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	31.50
Downside Target	38.55
Downside Target	45.40
Downside Target	48.50
Downside Target	50.10
Downside Target	54.40
Downside Target	58.00
Upside Target	60.75
Upside Target	64.55
Upside Target	65.00
Upside Target	65.20
Upside Target	68.45

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	58.75
Downside Intraday Target	57.25
Upside Intraday Target	61
Upside Intraday Target	61.75
Downside Intraday Target	59.5

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Dec 2023	60.25	58.05	60.25	58.00	0.207 times
22 Fri Dec 2023	59.10	65.00	65.00	59.10	0.376 times
15 Fri Dec 2023	65.30	68.45	68.45	64.55	0.836 times
08 Fri Dec 2023	65.20	55.80	65.20	54.40	1.839 times
01 Fri Dec 2023	55.10	56.95	59.75	55.00	0.923 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Dec 2023	60.25	56.70	68.45	54.40	0.922 times
30 Thu Nov 2023	55.70	50.40	60.75	48.50	1.432 times
31 Tue Oct 2023	49.10	52.45	55.00	45.40	2.579 times
29 Fri Sep 2023	51.15	55.00	55.75	50.10	0.699 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_BE)

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) 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_BE) ) 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_BE) ) 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 65.17 and Elgi Rubber (ELGIRUBCO_BE) 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_BE) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO_BE) stock is negative.

Elgi Rubber Stock has given negative 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.