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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 2024-08-13 View latest technical analysis

10 day averaged volume of Elgi Rubber is 54004

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	91.55	91.55	91.55	91.55	0.25 times
12 Mon Aug 2024	89.76	86.46	89.76	86.46	0.324 times
09 Fri Aug 2024	88.00	86.00	88.00	86.00	0.351 times
08 Thu Aug 2024	86.50	87.50	89.76	86.40	0.363 times
07 Wed Aug 2024	88.00	88.00	88.00	88.00	0.533 times
06 Tue Aug 2024	89.80	86.43	89.80	86.43	0.556 times
05 Mon Aug 2024	88.20	88.20	88.20	88.20	0.145 times
02 Fri Aug 2024	90.00	90.00	90.99	90.00	0.253 times
01 Thu Aug 2024	91.72	94.50	94.50	89.30	1.589 times
31 Wed Jul 2024	94.01	94.00	94.20	88.25	3.738 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 91.4, but if it comes below 91.4, then a intra day sell could be more profitable.
If you take a sell trade below 91.4, then use 91.4 as stoploss and 84.09 as target. However if you take a buy trade in stock , then use 91.4 as stoploss and 100.3 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	52.50
Downside Target	60.85
Downside Target	62.45
Downside Target	68.60
Downside Target	71.93
Downside Target	75.25
Downside Target	82.60
Downside Target	86.00
Downside Target	86.46
Downside Target	89.80
Downside Target	91.55
Upside Target	94.20
Upside Target	94.50

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	88.16
Downside Intraday Target	84.76
Upside Intraday Target	93.25
Upside Intraday Target	94.94
Downside Intraday Target	89.85

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	91.55	86.46	91.55	86.46	0.295 times
09 Fri Aug 2024	88.00	88.20	89.80	86.00	0.222 times
02 Fri Aug 2024	90.00	83.05	94.50	83.05	0.791 times
26 Fri Jul 2024	81.39	75.52	83.79	75.25	2.383 times
19 Fri Jul 2024	71.93	69.47	71.93	68.60	1.777 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
13 Tue Aug 2024	91.55	94.50	94.50	86.00	0.145 times
31 Wed Jul 2024	94.01	75.42	94.20	68.60	0.987 times
28 Fri Jun 2024	73.95	72.30	83.90	62.45	3.968 times
31 Fri May 2024	68.90	80.65	82.60	68.90	0.693 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term and BUY 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 91.8 and Elgi Rubber (ELGIRUBCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.