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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)

10 day averaged volume of Elgi Rubber is 341939

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Sep 2023	54.05	57.40	57.50	53.60	0.654 times
15 Fri Sep 2023	57.45	58.00	59.85	56.00	2.534 times
14 Thu Sep 2023	58.00	54.00	58.90	52.40	5.32 times
13 Wed Sep 2023	49.10	46.25	49.80	46.25	0.245 times
13 Wed Sep 2023	49.10	46.25	49.80	46.25	0.245 times
12 Tue Sep 2023	46.60	49.90	50.50	45.40	0.397 times
11 Mon Sep 2023	49.90	51.50	51.75	49.25	0.189 times
08 Fri Sep 2023	50.25	51.40	51.65	50.00	0.193 times
07 Thu Sep 2023	51.30	48.60	52.15	48.60	0.485 times
06 Wed Sep 2023	49.25	50.80	50.80	48.50	0.179 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 54.1 as stoploss in an intra day sell trade for a target of 51.41. However, stock will show a bullish move above 54.1.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	36.10
Downside Target	37.60
Downside Target	41.00
Downside Target	42.75
Downside Target	45.40
Downside Target	48.50
Downside Target	49.75
Downside Target	51.75
Downside Target	53.60
Upside Target	57.25
Upside Target	57.50
Upside Target	59.85

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	52.6
Downside Intraday Target	51.15
Upside Intraday Target	56.5
Upside Intraday Target	58.95
Upside Intraday Target	55.05

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Sep 2023	54.05	57.40	57.50	53.60	0.081 times
15 Fri Sep 2023	57.45	46.25	59.85	46.25	9.736 times
13 Wed Sep 2023	49.10	51.50	51.75	45.40	0.658 times
08 Fri Sep 2023	50.25	50.05	52.15	48.50	1.328 times
01 Fri Sep 2023	50.05	53.60	53.60	49.75	0.476 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
18 Mon Sep 2023	54.05	50.10	59.85	45.40	0.472 times
31 Thu Aug 2023	50.70	43.00	57.25	41.00	3.679 times
31 Mon Jul 2023	42.50	39.85	46.45	38.20	1.855 times
30 Fri Jun 2023	39.80	40.00	42.75	37.60	0.465 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 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.

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 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

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 56.02 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 negative.

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