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(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 2024-11-04 View latest technical analysis

10 day averaged volume of Elgi Rubber is 561310

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	110.52	105.70	118.85	105.41	1.749 times
01 Fri Nov 2024	100.88	93.01	103.40	93.01	0.208 times
31 Thu Oct 2024	92.34	94.88	94.88	86.24	0.063 times
30 Wed Oct 2024	92.84	89.59	93.75	88.55	0.033 times
29 Tue Oct 2024	90.22	85.00	96.00	85.00	0.031 times
28 Mon Oct 2024	88.75	95.00	100.99	87.21	0.089 times
27 Mon May 2024	82.65	79.80	86.50	77.80	1.757 times
24 Fri May 2024	76.40	80.00	82.75	75.50	1.102 times
23 Thu May 2024	79.15	71.00	83.80	69.55	2.558 times
22 Wed May 2024	71.05	70.90	75.80	70.55	1.25 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 109, for a target of 90.9 or 75.71

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	44.70
Downside Target	48.00
Downside Target	51.90
Downside Target	59.55
Downside Target	61.90
Downside Target	65.00
Downside Target	67.25
Downside Target	77.80
Downside Target	83.80
Downside Target	93.01
Downside Target	100.99
Downside Target	103.40
Downside Target	105.41
Upside Target	118.85

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	104.34
Downside Intraday Target	98.15
Upside Intraday Target	117.78
Upside Intraday Target	125.03
Upside Intraday Target	111.59

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	110.52	105.70	118.85	105.41	4.116 times
01 Fri Nov 2024	100.88	95.00	103.40	85.00	0.242 times
27 Mon May 2024	82.65	79.80	86.50	77.80	0.225 times
24 Fri May 2024	76.40	61.90	83.80	61.90	4.475 times
18 Sat May 2024	62.70	62.40	67.25	59.55	0.59 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	110.52	93.01	118.85	93.01	9.028 times
31 Thu Oct 2024	92.34	95.00	100.99	85.00	0.015 times
27 Mon May 2024	82.65	55.00	86.50	51.90	5.067 times
30 Tue Apr 2024	54.60	49.00	61.95	48.00	0.707 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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) ) 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) ) based on a short to mid 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) ) based on a mid to longer 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.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is gaining 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 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 green color and prices are above the green 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 85.36 and Elgi Rubber (ELGIRUBCO) 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) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) 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.