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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 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.

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 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.

Click here for Elgi Rubber charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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