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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 2024-07-30 View latest technical analysis

10 day averaged volume of Elgi Rubber is 90966

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	89.72	89.70	89.72	87.17	1.275 times
29 Mon Jul 2024	85.45	83.05	85.45	83.05	0.63 times
26 Fri Jul 2024	81.39	81.90	83.79	79.45	1.947 times
25 Thu Jul 2024	79.80	80.80	81.00	78.00	0.712 times
24 Wed Jul 2024	81.69	78.00	83.13	75.25	1.162 times
23 Tue Jul 2024	79.18	79.29	79.29	75.70	2.314 times
22 Mon Jul 2024	75.52	75.52	75.52	75.52	0.465 times
19 Fri Jul 2024	71.93	71.93	71.93	71.93	0.189 times
18 Thu Jul 2024	70.52	70.52	70.52	70.52	1.574 times
16 Tue Jul 2024	69.14	70.00	71.40	68.60	0.692 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 88.4, for a target of 82.1 or 76.86

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	75.25
Downside Target	80.01
Downside Target	82.60
Downside Target	83.05
Downside Target	83.79
Downside Target	83.90
Downside Target	89.72

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	85.27
Downside Intraday Target	80.83
Upside Intraday Target	91.94
Upside Intraday Target	94.17
Downside Intraday Target	87.5

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	89.72	83.05	89.72	83.05	0.289 times
26 Fri Jul 2024	81.39	75.52	83.79	75.25	2.383 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

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
30 Tue Jul 2024	89.72	75.42	89.72	68.60	0.864 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 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_BE) ) 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_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 Strong and stock is gaining 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 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

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 79.31 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 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.