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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 2024-12-03 View latest technical analysis

10 day averaged volume of Elgi Rubber is 112958

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	109.80	113.50	115.00	105.30	0.91 times
02 Mon Dec 2024	111.62	113.80	113.81	107.00	0.593 times
29 Fri Nov 2024	112.47	107.44	118.15	107.44	3.531 times
28 Thu Nov 2024	107.41	99.90	107.58	97.63	1.002 times
27 Wed Nov 2024	97.80	99.70	102.00	95.50	0.442 times
26 Tue Nov 2024	97.48	101.18	104.50	96.00	0.905 times
25 Mon Nov 2024	99.16	102.52	102.80	97.00	0.461 times
22 Fri Nov 2024	99.51	98.08	103.00	98.08	0.468 times
21 Thu Nov 2024	99.49	101.57	103.80	96.31	0.684 times
19 Tue Nov 2024	101.56	106.50	110.00	100.02	0.715 times

My analysis of stock is bearish for shortterm, and stock might move down till 101.1 or till 87.8. Use a stoploss of 112.18 and if the stock hits stoploss, then it can shoot up till 123.25

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	48.00
Downside Target	51.90
Downside Target	61.95
Downside Target	85.00
Downside Target	93.01
Downside Target	95.50
Downside Target	100.99
Downside Target	104.38
Downside Target	108.35
Upside Target	115.00
Upside Target	116.00
Upside Target	118.15
Upside Target	131.89
Upside Target	139.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	105.07
Downside Intraday Target	100.33
Upside Intraday Target	114.77
Upside Intraday Target	119.73
Upside Intraday Target	110.03

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	109.80	113.80	115.00	105.30	0.237 times
29 Fri Nov 2024	112.47	102.52	118.15	95.50	2.067 times
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

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
03 Tue Dec 2024	109.80	113.80	115.00	105.30	0.035 times
29 Fri Nov 2024	112.47	93.01	139.95	93.01	40.066 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

Scroll below to view daily charts

Price has moved down 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 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 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 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 SELL signal for Elgi Rubber in short term but the sell signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 106.61 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.