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 2024-12-24 View latest technical analysis

10 day averaged volume of Elgi Rubber is 138068

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	117.36	123.00	123.00	115.55	0.248 times
23 Mon Dec 2024	119.24	122.70	124.84	118.00	0.332 times
20 Fri Dec 2024	120.88	126.90	128.59	120.02	0.39 times
19 Thu Dec 2024	125.04	126.60	129.93	122.61	0.493 times
18 Wed Dec 2024	126.49	133.00	135.83	125.10	0.687 times
17 Tue Dec 2024	134.07	126.30	139.90	121.61	4.768 times
16 Mon Dec 2024	122.30	128.64	128.66	122.00	0.273 times
13 Fri Dec 2024	125.64	122.90	126.95	119.50	0.587 times
12 Thu Dec 2024	122.57	126.84	128.10	121.33	0.763 times
11 Wed Dec 2024	125.44	130.00	134.20	123.35	0.849 times

My analysis of stock is bearish for shortterm, and stock might move down till 111 or till 99.9. Use a stoploss of 120.23 and if the stock hits stoploss, then it can shoot up till 129.45

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	115.55
Upside Target	118.15
Upside Target	124.84
Upside Target	138.00
Upside Target	139.90
Upside Target	139.95
Upside Target	143.80

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	113.66
Downside Intraday Target	109.96
Upside Intraday Target	122.95
Upside Intraday Target	128.54
Upside Intraday Target	119.25

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	117.36	122.70	124.84	115.55	0.088 times
20 Fri Dec 2024	120.88	128.64	139.90	120.02	1.104 times
13 Fri Dec 2024	125.64	132.70	138.00	119.50	0.35 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

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
24 Tue Dec 2024	117.36	113.80	143.80	105.30	0.858 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 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 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 128.95 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 negative.

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