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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 2024-10-11 View latest technical analysis

10 day averaged volume of Elgi Rubber is 32738

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	97.32	97.00	99.60	93.82	0.64 times
10 Thu Oct 2024	96.35	99.00	99.65	96.05	0.082 times
09 Wed Oct 2024	95.74	92.99	97.49	92.50	0.525 times
08 Tue Oct 2024	92.97	92.50	94.89	92.50	0.638 times
07 Mon Oct 2024	93.01	93.15	97.57	92.97	1.562 times
04 Fri Oct 2024	97.87	95.99	99.60	93.10	1.289 times
03 Thu Oct 2024	94.89	93.15	96.00	93.15	0.769 times
01 Tue Oct 2024	95.79	96.51	97.00	94.11	0.654 times
30 Mon Sep 2024	96.91	94.99	98.88	93.10	1.902 times
27 Fri Sep 2024	95.07	92.99	96.97	90.00	0.84 times

My analysis of stock is bearish for shortterm, and stock might move down till 94.4 or till 90.5. Use a stoploss of 97.61 and if the stock hits stoploss, then it can shoot up till 100.84

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
Downside 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	93.33
Downside Intraday Target	89.34
Upside Intraday Target	100.48
Upside Intraday Target	103.64
Downside Intraday Target	96.49

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	97.32	93.15	99.65	92.50	0.747 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
11 Fri Oct 2024	97.32	96.51	99.65	92.50	0.259 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 up 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 to mid 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 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Rubber in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 95.61 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 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 negative.

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