Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-22 View latest technical analysis

10 day averaged volume of Elgi Rubber is 195189

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	99.51	98.08	103.00	98.08	0.271 times
21 Thu Nov 2024	99.49	101.57	103.80	96.31	0.396 times
19 Tue Nov 2024	101.56	106.50	110.00	100.02	0.414 times
18 Mon Nov 2024	107.23	116.00	116.00	107.19	0.695 times
14 Thu Nov 2024	119.10	114.04	119.90	108.35	0.364 times
13 Wed Nov 2024	116.37	122.00	123.29	110.20	0.32 times
12 Tue Nov 2024	118.78	121.00	127.19	117.40	0.308 times
11 Mon Nov 2024	118.29	131.89	131.89	117.00	0.776 times
08 Fri Nov 2024	129.48	132.65	132.65	126.43	0.682 times
07 Thu Nov 2024	133.05	132.00	135.50	121.31	1.406 times

My analysis of stock is bearish for shortterm, and stock might move down till 90.3 or till 70.8. Use a stoploss of 106.6 and if the stock hits stoploss, then it can shoot up till 122.86

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	44.70
Downside Target	48.00
Downside Target	51.90
Downside Target	61.95
Downside Target	65.00
Downside Target	77.80
Downside Target	85.00
Downside Target	93.01
Downside Target	96.31
Upside Target	100.99
Upside Target	103.40
Upside Target	108.35
Upside Target	116.00
Upside Target	131.89
Upside Target	139.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	91.88
Downside Intraday Target	84.25
Upside Intraday Target	111.57
Upside Intraday Target	123.63
Upside Intraday Target	103.94

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	99.51	116.00	116.00	96.31	1.004 times
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

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
22 Fri Nov 2024	99.51	93.01	139.95	93.01	34.183 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Elgi Rubber in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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

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 118.48 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 positive

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