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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 2024-11-11 View latest technical analysis

10 day averaged volume of Elgi Rubber is 359086

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	118.29	131.89	131.89	117.00	0.422 times
08 Fri Nov 2024	129.48	132.65	132.65	126.43	0.371 times
07 Thu Nov 2024	133.05	132.00	135.50	121.31	0.764 times
06 Wed Nov 2024	131.40	135.99	139.95	127.60	2.522 times
05 Tue Nov 2024	123.10	109.83	127.80	104.38	2.944 times
04 Mon Nov 2024	110.52	105.70	118.85	105.41	2.735 times
01 Fri Nov 2024	100.88	93.01	103.40	93.01	0.325 times
31 Thu Oct 2024	92.34	94.88	94.88	86.24	0.098 times
30 Wed Oct 2024	92.84	89.59	93.75	88.55	0.052 times
29 Tue Oct 2024	90.22	85.00	96.00	85.00	0.049 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 116.1, but if it comes below 116.1, then a intra day sell could be more profitable.
If you take a sell trade below 116.1, then use 116.1 as stoploss and 92.14 as target. However if you take a buy trade in stock , then use 116.1 as stoploss and 144.8 as target.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	44.70
Downside Target	48.00
Downside Target	51.90
Downside Target	61.90
Downside Target	65.00
Downside Target	77.80
Downside Target	83.80
Downside Target	93.01
Downside Target	100.99
Downside Target	103.40
Downside Target	104.38
Downside Target	117.00
Upside Target	131.89
Upside Target	139.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	112.9
Downside Intraday Target	107.5
Upside Intraday Target	127.79
Upside Intraday Target	137.28
Upside Intraday Target	122.39

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	118.29	131.89	131.89	117.00	0.045 times
08 Fri Nov 2024	129.48	105.70	139.95	104.38	14.05 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

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)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	118.29	93.01	139.95	93.01	29.746 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 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) ) 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 losing momentum.

MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 121.26 and Elgi Rubber (ELGIRUBCO) stock is trading below this level. This means that stock is falling with high volumes. 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.