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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 2024-11-14 View latest technical analysis

10 day averaged volume of Elgi Rubber is 377847

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	119.10	114.04	119.90	108.35	0.188 times
13 Wed Nov 2024	116.37	122.00	123.29	110.20	0.165 times
12 Tue Nov 2024	118.78	121.00	127.19	117.40	0.159 times
11 Mon Nov 2024	118.29	131.89	131.89	117.00	0.401 times
08 Fri Nov 2024	129.48	132.65	132.65	126.43	0.352 times
07 Thu Nov 2024	133.05	132.00	135.50	121.31	0.727 times
06 Wed Nov 2024	131.40	135.99	139.95	127.60	2.396 times
05 Tue Nov 2024	123.10	109.83	127.80	104.38	2.798 times
04 Mon Nov 2024	110.52	105.70	118.85	105.41	2.599 times
01 Fri Nov 2024	100.88	93.01	103.40	93.01	0.309 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 122.3 as stoploss in an intra day sell trade for a target of 100.34. However, stock will show a bullish move above 122.3.

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	108.35
Upside Target	131.89
Upside Target	139.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	107.67
Downside Intraday Target	96.24
Upside Intraday Target	131.21
Upside Intraday Target	143.32
Upside Intraday Target	119.78

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	119.10	131.89	131.89	108.35	0.103 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
14 Thu Nov 2024	119.10	93.01	139.95	93.01	31.336 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 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 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 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 Weak 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Rubber in short term and SELL signal is strong!

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 121.65 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.