Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-09 View latest technical analysis

10 day averaged volume of Elgi Rubber is 39770

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	95.74	92.99	97.49	92.50	0.432 times
08 Tue Oct 2024	92.97	92.50	94.89	92.50	0.525 times
07 Mon Oct 2024	93.01	93.15	97.57	92.97	1.286 times
04 Fri Oct 2024	97.87	95.99	99.60	93.10	1.061 times
03 Thu Oct 2024	94.89	93.15	96.00	93.15	0.633 times
01 Tue Oct 2024	95.79	96.51	97.00	94.11	0.539 times
30 Mon Sep 2024	96.91	94.99	98.88	93.10	1.566 times
27 Fri Sep 2024	95.07	92.99	96.97	90.00	0.691 times
26 Thu Sep 2024	92.57	96.39	97.38	92.00	1.431 times
25 Wed Sep 2024	96.62	101.39	103.05	96.53	0.991 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 94.6 as stoploss in an intra day buy trade for a target of 98.27. However, stock will show a bearish move below 94.6.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	62.45
Downside Target	68.60
Downside Target	83.90
Downside Target	86.00
Downside Target	90.00
Downside Target	92.50
Upside Target	96.93
Upside Target	99.60
Upside Target	100.98
Upside Target	102.99
Upside Target	106.00
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	92.97
Downside Intraday Target	90.2
Upside Intraday Target	98.04
Upside Intraday Target	100.34
Downside Intraday Target	95.27

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	95.74	93.15	97.57	92.50	0.59 times
04 Fri Oct 2024	97.87	94.99	99.60	93.10	0.6 times
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

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
09 Wed Oct 2024	95.74	96.51	99.60	92.50	0.229 times
30 Mon Sep 2024	96.91	109.39	113.28	90.00	0.659 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

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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elgi Rubber stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.

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

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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 95.14 and Elgi Rubber (ELGIRUBCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.