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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 2024-08-01 View latest technical analysis

10 day averaged volume of Elgi Rubber is 113594

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	91.72	94.50	94.50	89.30	0.755 times
31 Wed Jul 2024	94.01	94.00	94.20	88.25	1.777 times
30 Tue Jul 2024	89.72	89.70	89.72	87.17	1.021 times
29 Mon Jul 2024	85.45	83.05	85.45	83.05	0.505 times
26 Fri Jul 2024	81.39	81.90	83.79	79.45	1.559 times
25 Thu Jul 2024	79.80	80.80	81.00	78.00	0.57 times
24 Wed Jul 2024	81.69	78.00	83.13	75.25	0.93 times
23 Tue Jul 2024	79.18	79.29	79.29	75.70	1.853 times
22 Mon Jul 2024	75.52	75.52	75.52	75.52	0.373 times
19 Fri Jul 2024	71.93	71.93	71.93	71.93	0.151 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 94.1, for a target of 85.5 or 78.38

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	52.50
Downside Target	60.85
Downside Target	62.45
Downside Target	68.60
Downside Target	70.89
Downside Target	75.25
Downside Target	80.01
Downside Target	82.60
Downside Target	83.79
Downside Target	83.90
Downside Target	89.30
Upside Target	94.20
Upside Target	94.50

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	85.01
Downside Intraday Target	78.31
Upside Intraday Target	96.46
Upside Intraday Target	101.21
Downside Intraday Target	89.76

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	91.72	83.05	94.50	83.05	0.768 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
01 Thu Aug 2024	91.72	94.50	94.50	89.30	0.053 times
31 Wed Jul 2024	94.01	75.42	94.20	68.60	0.987 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

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 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 tired and bears are picking up momentum.

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 positive zone. This is a BUY 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 84.81 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.