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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 2024-09-27 View latest technical analysis

10 day averaged volume of Elgi Rubber is 39097

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	95.07	92.99	96.97	90.00	0.703 times
26 Thu Sep 2024	92.57	96.39	97.38	92.00	1.455 times
25 Wed Sep 2024	96.62	101.39	103.05	96.53	1.008 times
24 Tue Sep 2024	101.62	99.70	106.00	98.00	1.298 times
23 Mon Sep 2024	101.77	99.79	101.77	92.25	1.971 times
20 Fri Sep 2024	96.93	98.03	98.03	96.93	0.156 times
19 Thu Sep 2024	98.91	98.91	98.91	98.91	0.1 times
18 Wed Sep 2024	100.93	102.99	102.99	100.93	0.434 times
17 Tue Sep 2024	102.99	101.70	102.99	99.10	1.009 times
16 Mon Sep 2024	100.98	101.97	101.97	100.98	1.35 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 97.8, but if it comes above 97.8, then a intra day buy could be more profitable.
If you take a sell trade below 97.8, then use 97.8 as stoploss and 91.2 as target. However if you take a buy trade in stock , then use 97.8 as stoploss and 103.21 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	62.45
Downside Target	68.60
Downside Target	82.60
Downside Target	86.00
Downside Target	90.00
Downside Target	94.20
Upside Target	96.93
Upside Target	100.98
Upside Target	105.15
Upside Target	109.00
Upside Target	111.56
Upside Target	113.28

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	88.05
Downside Intraday Target	81.02
Upside Intraday Target	104.05
Upside Intraday Target	113.02
Upside Intraday Target	97.02

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	95.07	99.79	106.00	90.00	2.111 times
20 Fri Sep 2024	96.93	101.97	102.99	96.93	0.752 times
13 Fri Sep 2024	103.05	109.00	109.00	100.98	0.854 times
06 Fri Sep 2024	110.20	109.39	113.28	106.82	0.285 times
30 Fri Aug 2024	107.25	107.24	111.56	105.15	6.431 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	95.07	109.39	113.28	90.00	0.606 times
30 Fri Aug 2024	107.25	94.50	111.56	86.00	0.725 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

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 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 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 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 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 and the buying is gaining 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 99.16 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.