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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 2024-08-09 View latest technical analysis

10 day averaged volume of Elgi Rubber is 73804

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	88.00	86.00	88.00	86.00	0.257 times
08 Thu Aug 2024	86.50	87.50	89.76	86.40	0.265 times
07 Wed Aug 2024	88.00	88.00	88.00	88.00	0.39 times
06 Tue Aug 2024	89.80	86.43	89.80	86.43	0.407 times
05 Mon Aug 2024	88.20	88.20	88.20	88.20	0.106 times
02 Fri Aug 2024	90.00	90.00	90.99	90.00	0.185 times
01 Thu Aug 2024	91.72	94.50	94.50	89.30	1.162 times
31 Wed Jul 2024	94.01	94.00	94.20	88.25	2.735 times
30 Tue Jul 2024	89.72	89.70	89.72	87.17	1.572 times
29 Mon Jul 2024	85.45	83.05	85.45	83.05	0.777 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 90.1 as stoploss in an intra day sell trade for a target of 82.07. However, stock will show a bullish move above 90.1.

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	76.83
Downside Target	82.60
Downside Target	86.00
Upside Target	89.80
Upside Target	94.20
Upside Target	94.50

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	86.07
Downside Intraday Target	84.13
Upside Intraday Target	89.87
Upside Intraday Target	91.73
Downside Intraday Target	87.93

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	88.00	88.20	89.80	86.00	0.222 times
02 Fri Aug 2024	90.00	83.05	94.50	83.05	0.791 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	88.00	94.50	94.50	86.00	0.126 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 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 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 losing momentum.

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

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. 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 moving up

CCI has generated a SELL signal for Elgi Rubber in short term and SELL signal is strong!

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 90.83 and Elgi Rubber (ELGIRUBCO_BE) 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_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.