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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 2024-07-22 View latest technical analysis

10 day averaged volume of Elgi Rubber is 41137

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	75.52	75.52	75.52	75.52	1.029 times
19 Fri Jul 2024	71.93	71.93	71.93	71.93	0.418 times
18 Thu Jul 2024	70.52	70.52	70.52	70.52	3.48 times
16 Tue Jul 2024	69.14	70.00	71.40	68.60	1.529 times
15 Mon Jul 2024	70.00	69.47	70.01	69.47	0.698 times
12 Fri Jul 2024	70.89	72.33	72.33	70.89	0.259 times
11 Thu Jul 2024	72.34	73.80	73.80	72.34	0.355 times
10 Wed Jul 2024	73.80	73.78	73.80	73.78	1.195 times
09 Tue Jul 2024	75.29	76.00	76.00	75.29	0.333 times
08 Mon Jul 2024	76.83	76.83	76.83	76.83	1.305 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 77 as stoploss in an intra day sell trade for a target of 74.02. However, stock will show a bullish move above 77.

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
Downside Target	73.95
Downside Target	75.52
Upside Target	76.83
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	75.52
Downside Intraday Target	75.52
Downside Intraday Target	75.52
Downside Intraday Target	75.52
Downside Intraday Target	75.52

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	75.52	75.52	75.52	75.52	0.168 times
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

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	75.52	75.42	80.01	68.60	0.42 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 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_BE)

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) 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_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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Elgi Rubber in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

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

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 72.19 and Elgi Rubber (ELGIRUBCO_BE) 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_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.