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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 2024-12-27 View latest technical analysis

10 day averaged volume of Elgi Rubber is 171365

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	146.84	130.96	151.90	126.35	18.842 times
26 Thu Dec 2024	130.16	115.65	137.70	114.11	3.12 times
24 Tue Dec 2024	117.36	123.00	123.00	115.55	0.2 times
23 Mon Dec 2024	119.24	122.70	124.84	118.00	0.267 times
20 Fri Dec 2024	120.88	126.90	128.59	120.02	0.314 times
19 Thu Dec 2024	125.04	126.60	129.93	122.61	0.397 times
18 Wed Dec 2024	126.49	133.00	135.83	125.10	0.553 times
17 Tue Dec 2024	134.07	126.30	139.90	121.61	3.842 times
16 Mon Dec 2024	122.30	128.64	128.66	122.00	0.22 times
13 Fri Dec 2024	125.64	122.90	126.95	119.50	0.473 times

Stock of Elgi Rubber (ELGIRUBCO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 143.4, for a target of 132.7 or 123.82

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	114.11
Downside Target	118.15
Downside Target	138.00
Downside Target	139.95
Downside Target	143.80
Upside Target	151.90

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	123.33
Downside Intraday Target	99.83
Upside Intraday Target	161.12
Upside Intraday Target	175.41
Downside Intraday Target	137.62

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	146.84	122.70	151.90	114.11	4.211 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	146.84	113.80	151.90	105.30	1.629 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, 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term and BUY signal is strong.

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 141.25 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.