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)

10 day averaged volume of Elgi Rubber is 69066

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	56.35	56.50	57.70	55.00	0.785 times
25 Thu Apr 2024	55.90	57.75	57.75	55.60	0.466 times
24 Wed Apr 2024	57.45	53.90	60.00	52.55	3.727 times
23 Tue Apr 2024	53.20	50.05	54.45	50.00	2.099 times
22 Mon Apr 2024	50.05	49.80	51.00	49.10	0.37 times
19 Fri Apr 2024	49.35	49.00	49.80	48.00	0.348 times
18 Thu Apr 2024	49.70	50.05	50.90	49.20	0.729 times
16 Tue Apr 2024	49.85	50.85	51.25	49.50	0.336 times
15 Mon Apr 2024	49.90	51.30	51.30	48.30	0.665 times
12 Fri Apr 2024	51.30	53.95	53.95	51.10	0.707 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.6, but if it comes below 55.6, then a intra day sell could be more profitable.
If you take a sell trade below 55.6, then use 55.6 as stoploss and 52.79 as target. However if you take a buy trade in stock , then use 55.6 as stoploss and 58.9 as target.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	44.70
Downside Target	48.00
Downside Target	51.10
Downside Target	53.85
Downside Target	56.25
Upside Target	57.60
Upside Target	57.80
Upside Target	59.85
Upside Target	60.00
Upside Target	63.90
Upside Target	65.00
Upside Target	69.90

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	50.3
Downside Intraday Target	44.25
Upside Intraday Target	61.2
Upside Intraday Target	66.05
Downside Intraday Target	55.15

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	56.35	49.80	60.00	49.10	3.582 times
19 Fri Apr 2024	49.35	51.30	51.30	48.00	0.743 times
12 Fri Apr 2024	51.30	56.00	56.25	51.10	0.866 times
05 Fri Apr 2024	54.15	49.00	57.80	48.95	0.934 times
28 Thu Mar 2024	48.60	51.20	51.20	48.05	0.567 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
26 Fri Apr 2024	56.35	49.00	60.00	48.00	0.476 times
28 Thu Mar 2024	48.60	61.45	65.00	44.70	0.452 times
29 Thu Feb 2024	61.10	58.95	69.90	53.85	12.919 times
31 Wed Jan 2024	58.15	60.80	63.90	57.60	0.104 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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.

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

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 54.16 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.