(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 2024-01-16 View latest technical analysis
10 day averaged volume of Elgi Rubber is 27313
Date | Daily Closing Price | Open | High | Low | Volume |
16 Tue Jan 2024 | 54.45 | 57.80 | 57.80 | 54.10 | 2.388 times |
15 Mon Jan 2024 | 56.95 | 57.75 | 57.75 | 55.10 | 1.541 times |
12 Fri Jan 2024 | 55.00 | 56.20 | 57.05 | 55.00 | 0.736 times |
11 Thu Jan 2024 | 56.10 | 56.00 | 56.10 | 56.00 | 1.255 times |
10 Wed Jan 2024 | 57.05 | 57.05 | 57.05 | 57.05 | 0.512 times |
09 Tue Jan 2024 | 58.20 | 59.30 | 59.30 | 58.20 | 0.348 times |
08 Mon Jan 2024 | 59.35 | 59.35 | 59.35 | 59.35 | 1.301 times |
05 Fri Jan 2024 | 58.20 | 58.20 | 58.20 | 58.20 | 0.899 times |
04 Thu Jan 2024 | 57.10 | 56.00 | 57.10 | 56.00 | 1.436 times |
03 Wed Jan 2024 | 56.00 | 55.90 | 56.05 | 55.90 | 0.743 times |
Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.9, but if it comes above 55.9, then a intra day buy could be more profitable.
If you take a sell trade below 55.9, then use 55.9 as stoploss and 53.4 as target. However if you take a buy trade in stock , then use 55.9 as stoploss and 58.04 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 | 54.10 |
Upside Target | 57.80 |
Upside Target | 59.10 |
Upside Target | 59.35 |
Upside Target | 60.75 |
Upside Target | 61.45 |
Upside Target | 65.00 |
Upside Target | 68.45 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)
Target Type | Value |
Downside Intraday Target | 53.1 |
Downside Intraday Target | 51.75 |
Upside Intraday Target | 56.8 |
Upside Intraday Target | 59.15 |
Upside Intraday Target | 55.45 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Tue Jan 2024 | 54.45 | 57.75 | 57.80 | 54.10 | 0.946 times |
12 Fri Jan 2024 | 55.00 | 59.35 | 59.35 | 55.00 | 0.751 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 |
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 |
16 Tue Jan 2024 | 54.45 | 56.70 | 59.35 | 54.10 | 0.339 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 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 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 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 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 below 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 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 56.57 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 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 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 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 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 below 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 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 56.57 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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