(ELGIRUBCO) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO) share price targets
Complete technical analysis of Elgi Rubber (ELGIRUBCO) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO)
Showing technical analysis as on 2024-04-22 View latest technical analysis
10 day averaged volume of Elgi Rubber is 39540
Date | Daily Closing Price | Open | High | Low | Volume |
22 Mon Apr 2024 | 50.05 | 49.80 | 51.00 | 49.10 | 0.646 times |
19 Fri Apr 2024 | 49.35 | 49.00 | 49.80 | 48.00 | 0.608 times |
18 Thu Apr 2024 | 49.70 | 50.05 | 50.90 | 49.20 | 1.273 times |
16 Tue Apr 2024 | 49.85 | 50.85 | 51.25 | 49.50 | 0.588 times |
15 Mon Apr 2024 | 49.90 | 51.30 | 51.30 | 48.30 | 1.162 times |
12 Fri Apr 2024 | 51.30 | 53.95 | 53.95 | 51.10 | 1.236 times |
10 Wed Apr 2024 | 53.95 | 55.70 | 55.90 | 53.65 | 0.965 times |
09 Tue Apr 2024 | 54.95 | 55.50 | 55.70 | 52.70 | 2.353 times |
08 Mon Apr 2024 | 54.60 | 56.00 | 56.25 | 54.15 | 0.333 times |
05 Fri Apr 2024 | 54.15 | 55.65 | 56.15 | 53.80 | 0.646 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 49.1 as stoploss in an intra day buy trade for a target of 51.62. However, stock will show a bearish move below 49.1.
Share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Target | 44.70 |
Downside Target | 48.00 |
Upside Target | 51.00 |
Upside Target | 53.85 |
Upside Target | 56.25 |
Upside Target | 57.60 |
Upside Target | 57.80 |
Upside Target | 59.85 |
Upside Target | 63.90 |
Upside Target | 65.00 |
Upside Target | 69.90 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Intraday Target | 49.1 |
Downside Intraday Target | 48.15 |
Upside Intraday Target | 51 |
Upside Intraday Target | 51.95 |
Downside Intraday Target | 50.05 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Mon Apr 2024 | 50.05 | 49.80 | 51.00 | 49.10 | 0.178 times |
19 Fri Apr 2024 | 49.35 | 51.30 | 51.30 | 48.00 | 0.743 times |
12 Fri Apr 2024 | 51.30 | 56.00 | 56.25 | 51.10 | 0.866 times |
05 Fri Apr 2024 | 54.15 | 49.00 | 57.80 | 48.95 | 0.934 times |
28 Thu Mar 2024 | 48.60 | 51.20 | 51.20 | 48.05 | 0.567 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)
Date | Monthly Closing Price | Open | High | Low | Volume |
22 Mon Apr 2024 | 50.05 | 49.00 | 57.80 | 48.00 | 0.26 times |
28 Thu Mar 2024 | 48.60 | 61.45 | 65.00 | 44.70 | 0.452 times |
29 Thu Feb 2024 | 61.10 | 58.95 | 69.90 | 53.85 | 12.919 times |
31 Wed Jan 2024 | 58.15 | 60.80 | 63.90 | 57.60 | 0.104 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)
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) 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) ) 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) ) 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) ) 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.
Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 52.07 and Elgi Rubber (ELGIRUBCO) 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) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) 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.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) 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) ) 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) ) 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) ) 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 SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.
Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 52.07 and Elgi Rubber (ELGIRUBCO) 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) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) 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.
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Daily charts
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