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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 2025-01-02 View latest technical analysis

10 day averaged volume of Elgi Rubber is 30888

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	127.04	133.00	133.00	126.87	1.967 times
01 Wed Jan 2025	133.55	131.05	135.60	129.24	1.673 times
25 Fri Oct 2024	90.94	94.75	94.75	87.34	0.946 times
24 Thu Oct 2024	91.94	96.50	97.70	91.10	0.282 times
23 Wed Oct 2024	95.74	94.50	97.00	90.95	0.442 times
22 Tue Oct 2024	95.74	100.99	100.99	95.74	1.16 times
21 Mon Oct 2024	100.78	108.99	108.99	99.80	0.606 times
18 Fri Oct 2024	105.02	100.55	108.95	100.55	0.912 times
17 Thu Oct 2024	105.21	104.43	109.65	102.50	1.845 times
16 Wed Oct 2024	104.43	101.75	104.43	97.01	0.68 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 124.2, for a target of 111.4 or 100.66

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	68.60
Downside Target	86.00
Downside Target	90.00
Downside Target	92.50
Downside Target	99.60
Downside Target	108.99
Downside Target	109.65
Downside Target	111.56
Downside Target	113.28
Downside Target	126.87
Upside Target	135.60

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	124.07
Downside Intraday Target	121.11
Upside Intraday Target	132.8
Upside Intraday Target	138.57
Upside Intraday Target	129.84

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu Jan 2025	127.04	131.05	135.60	126.87	1.059 times
25 Fri Oct 2024	90.94	108.99	108.99	87.34	0.608 times
18 Fri Oct 2024	105.02	95.55	109.65	95.55	1.547 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

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
02 Thu Jan 2025	127.04	131.05	135.60	126.87	0.233 times
25 Fri Oct 2024	90.94	96.51	109.65	87.34	0.621 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

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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is losing 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 red color and prices are in or above the red cloud Prices appear to be coming down

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 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 110.4 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 positive

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