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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 2024-10-14 View latest technical analysis

10 day averaged volume of Elgi Rubber is 29144

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	99.48	95.55	100.00	95.55	0.807 times
11 Fri Oct 2024	97.32	97.00	99.60	93.82	0.719 times
10 Thu Oct 2024	96.35	99.00	99.65	96.05	0.092 times
09 Wed Oct 2024	95.74	92.99	97.49	92.50	0.59 times
08 Tue Oct 2024	92.97	92.50	94.89	92.50	0.717 times
07 Mon Oct 2024	93.01	93.15	97.57	92.97	1.755 times
04 Fri Oct 2024	97.87	95.99	99.60	93.10	1.448 times
03 Thu Oct 2024	94.89	93.15	96.00	93.15	0.864 times
01 Tue Oct 2024	95.79	96.51	97.00	94.11	0.735 times
30 Mon Sep 2024	96.91	94.99	98.88	93.10	2.136 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 100.5 as stoploss in an intra day sell trade for a target of 97.44. However, stock will show a bullish move above 100.5.

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	99.60
Upside Target	100.00
Upside Target	102.99
Upside Target	106.00
Upside Target	111.56
Upside Target	113.28

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	96.69
Downside Intraday Target	93.89
Upside Intraday Target	101.14
Upside Intraday Target	102.79
Downside Intraday Target	98.34

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	99.48	95.55	100.00	95.55	0.208 times
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

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
14 Mon Oct 2024	99.48	96.51	100.00	92.50	0.29 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 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 short to mid 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 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 BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! 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 buy signal for Elgi Rubber in short term and BUY signal is strong.

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 95.98 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.