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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 2024-01-11 View latest technical analysis

10 day averaged volume of Elgi Rubber is 26569

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	56.10	56.00	56.10	56.00	1.29 times
10 Wed Jan 2024	57.05	57.05	57.05	57.05	0.526 times
09 Tue Jan 2024	58.20	59.30	59.30	58.20	0.357 times
08 Mon Jan 2024	59.35	59.35	59.35	59.35	1.337 times
05 Fri Jan 2024	58.20	58.20	58.20	58.20	0.925 times
04 Thu Jan 2024	57.10	56.00	57.10	56.00	1.476 times
03 Wed Jan 2024	56.00	55.90	56.05	55.90	0.764 times
02 Tue Jan 2024	55.60	55.60	55.65	55.60	1.264 times
01 Mon Jan 2024	56.70	56.70	56.70	56.70	1.255 times
29 Fri Dec 2023	57.85	57.85	57.85	57.85	1.119 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.6, but if it comes above 56.6, then a intra day buy could be more profitable.
If you take a sell trade below 56.6, then use 56.6 as stoploss and 53.1 as target. However if you take a buy trade in stock , then use 56.6 as stoploss and 59.44 as target.

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
Upside Target	57.85
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	54.95
Downside Intraday Target	53.8
Upside Intraday Target	58.3
Upside Intraday Target	60.5
Upside Intraday Target	57.15

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jan 2024	56.10	59.35	59.35	56.00	0.618 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
11 Thu Jan 2024	56.10	56.70	59.35	55.60	0.223 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 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_BE) ) 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_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 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.

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 and the buying is gaining 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 57.17 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 negative.

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