(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 2024-01-10 View latest technical analysis
10 day averaged volume of Elgi Rubber is 27631
Date | Daily Closing Price | Open | High | Low | Volume |
10 Wed Jan 2024 | 57.05 | 57.05 | 57.05 | 57.05 | 0.506 times |
09 Tue Jan 2024 | 58.20 | 59.30 | 59.30 | 58.20 | 0.344 times |
08 Mon Jan 2024 | 59.35 | 59.35 | 59.35 | 59.35 | 1.286 times |
05 Fri Jan 2024 | 58.20 | 58.20 | 58.20 | 58.20 | 0.889 times |
04 Thu Jan 2024 | 57.10 | 56.00 | 57.10 | 56.00 | 1.42 times |
03 Wed Jan 2024 | 56.00 | 55.90 | 56.05 | 55.90 | 0.734 times |
02 Tue Jan 2024 | 55.60 | 55.60 | 55.65 | 55.60 | 1.215 times |
01 Mon Jan 2024 | 56.70 | 56.70 | 56.70 | 56.70 | 1.207 times |
29 Fri Dec 2023 | 57.85 | 57.85 | 57.85 | 57.85 | 1.076 times |
28 Thu Dec 2023 | 59.00 | 59.25 | 59.25 | 58.15 | 0.939 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 56.8 as stoploss in an intra day buy trade for a target of 59.93. However, stock will show a bearish move below 56.8.
Share price targets for Elgi Rubber (ELGIRUBCO_BE)
Target Type | Value |
Downside Target | 45.40 |
Downside Target | 48.50 |
Downside Target | 50.10 |
Downside Target | 54.40 |
Downside Target | 57.05 |
Upside Target | 59.35 |
Upside Target | 60.75 |
Upside Target | 61.45 |
Upside Target | 64.55 |
Upside Target | 65.00 |
Upside Target | 68.45 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)
Target Type | Value |
Downside Intraday Target | 56.28 |
Downside Intraday Target | 55.52 |
Upside Intraday Target | 58.58 |
Upside Intraday Target | 60.12 |
Upside Intraday Target | 57.82 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)
Date | Weekly Closing Price | Open | High | Low | Volume |
10 Wed Jan 2024 | 57.05 | 59.35 | 59.35 | 57.05 | 0.391 times |
05 Fri Jan 2024 | 58.20 | 56.70 | 58.20 | 55.60 | 1.382 times |
29 Fri Dec 2023 | 57.85 | 58.05 | 61.45 | 57.85 | 0.779 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 |
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_BE)
Date | Monthly Closing Price | Open | High | Low | Volume |
10 Wed Jan 2024 | 57.05 | 56.70 | 59.35 | 55.60 | 0.192 times |
29 Fri Dec 2023 | 57.85 | 56.70 | 68.45 | 54.40 | 0.995 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 |
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_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 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 short to mid 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_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 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 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 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 57.48 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 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_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 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 short to mid 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_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 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 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 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 57.48 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 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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