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(ELGIRUBCO_BE) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO_BE) share price targets

Complete technical analysis of Elgi Rubber (ELGIRUBCO_BE) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO_BE)

Showing technical analysis as on 2024-07-19 View latest technical analysis

10 day averaged volume of Elgi Rubber is 56687

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	71.93	71.93	71.93	71.93	0.303 times
18 Thu Jul 2024	70.52	70.52	70.52	70.52	2.525 times
16 Tue Jul 2024	69.14	70.00	71.40	68.60	1.11 times
15 Mon Jul 2024	70.00	69.47	70.01	69.47	0.506 times
12 Fri Jul 2024	70.89	72.33	72.33	70.89	0.188 times
11 Thu Jul 2024	72.34	73.80	73.80	72.34	0.258 times
10 Wed Jul 2024	73.80	73.78	73.80	73.78	0.867 times
09 Tue Jul 2024	75.29	76.00	76.00	75.29	0.242 times
08 Mon Jul 2024	76.83	76.83	76.83	76.83	0.947 times
05 Fri Jul 2024	78.40	78.40	78.40	78.40	0.311 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 71 as stoploss in an intra day buy trade for a target of 73.92. However, stock will show a bearish move below 71.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	52.50
Downside Target	54.40
Downside Target	60.85
Downside Target	62.45
Downside Target	68.45
Downside Target	70.89
Upside Target	75.42
Upside Target	76.83
Upside Target	77.26
Upside Target	80.01
Upside Target	82.60
Upside Target	83.90

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	69.71
Downside Intraday Target	67.49
Upside Intraday Target	73.04
Upside Intraday Target	74.15
Downside Intraday Target	70.82

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	71.93	69.47	71.93	68.60	1.777 times
12 Fri Jul 2024	70.89	76.83	76.83	70.89	0.552 times
05 Fri Jul 2024	78.40	75.42	80.01	75.42	2.45 times
28 Fri Jun 2024	73.95	73.00	73.95	71.60	0.738 times
21 Fri Jun 2024	73.50	77.26	77.26	72.70	0.192 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	71.93	75.42	80.01	68.60	0.395 times
28 Fri Jun 2024	73.95	72.30	83.90	62.45	3.968 times
31 Fri May 2024	68.90	80.65	82.60	68.90	0.693 times
25 Thu Jan 2024	59.85	56.70	60.85	52.50	0.548 times

Scroll below to view daily charts

Price has moved down 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_BE)

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) 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_BE) ) 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_BE) ) based on a short to mid 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_BE) ) 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 SELL. 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Elgi Rubber in short term but BUY 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 72.12 and Elgi Rubber (ELGIRUBCO_BE) 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_BE) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO_BE) stock is negative.

Elgi Rubber Stock has given negative 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.