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 2024-12-11 View latest technical analysis

10 day averaged volume of Elgi Rubber is 344875

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	125.44	130.00	134.20	123.35	0.34 times
10 Tue Dec 2024	129.17	135.30	136.50	128.51	0.344 times
09 Mon Dec 2024	131.88	132.70	138.00	127.82	1.174 times
06 Fri Dec 2024	132.70	123.95	143.80	123.00	5.408 times
05 Thu Dec 2024	121.83	111.00	122.06	109.50	0.695 times
04 Wed Dec 2024	110.97	111.00	114.80	108.91	0.257 times
03 Tue Dec 2024	109.80	113.50	115.00	105.30	0.298 times
02 Mon Dec 2024	111.62	113.80	113.81	107.00	0.194 times
29 Fri Nov 2024	112.47	107.44	118.15	107.44	1.156 times
28 Thu Nov 2024	107.41	99.90	107.58	97.63	0.328 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 123.8, but if it comes below 123.8, then a intra day sell could be more profitable.
If you take a sell trade below 123.8, then use 123.8 as stoploss and 112.49 as target. However if you take a buy trade in stock , then use 123.8 as stoploss and 137.4 as target.

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	105.30
Downside Target	108.35
Downside Target	116.00
Downside Target	123.35
Upside Target	131.89
Upside Target	138.00
Upside Target	139.95
Upside Target	143.80

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	119.86
Downside Intraday Target	114.28
Upside Intraday Target	134.51
Upside Intraday Target	143.58
Upside Intraday Target	128.93

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	125.44	132.70	138.00	123.35	0.271 times
06 Fri Dec 2024	132.70	113.80	143.80	105.30	3.3 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

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 Wed Dec 2024	125.44	113.80	143.80	105.30	0.616 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 up 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 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 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 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 126.77 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.