Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-29 View latest technical analysis

10 day averaged volume of Elgi Rubber is 72333

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	105.15	105.15	109.44	105.15	2.239 times
28 Wed Aug 2024	107.30	111.56	111.56	107.19	2.58 times
27 Tue Aug 2024	109.38	109.38	109.38	109.34	3.018 times
26 Mon Aug 2024	107.24	107.24	107.24	107.24	0.365 times
23 Fri Aug 2024	105.14	105.14	105.14	105.14	0.361 times
22 Thu Aug 2024	103.08	103.08	103.08	103.08	0.266 times
21 Wed Aug 2024	101.06	101.06	101.06	101.06	0.208 times
20 Tue Aug 2024	99.08	99.08	99.08	99.08	0.407 times
19 Mon Aug 2024	97.14	97.14	97.14	97.14	0.16 times
16 Fri Aug 2024	95.24	95.24	95.24	95.24	0.36 times

Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 103.8, but if it comes below 103.8, then a intra day sell could be more profitable.
If you take a sell trade below 103.8, then use 103.8 as stoploss and 96.34 as target. However if you take a buy trade in stock , then use 103.8 as stoploss and 112.8 as target.

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	82.60
Downside Target	86.00
Downside Target	89.80
Downside Target	94.20
Downside Target	95.24
Downside Target	97.14
Downside Target	105.14
Downside Target	105.15
Upside Target	111.56

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	103.01
Downside Intraday Target	100.88
Upside Intraday Target	109.42
Upside Intraday Target	113.7
Upside Intraday Target	107.29

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	105.15	107.24	111.56	105.15	5.852 times
23 Fri Aug 2024	105.14	97.14	105.14	97.14	0.457 times
16 Fri Aug 2024	95.24	86.46	95.24	86.46	2.108 times
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

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
29 Thu Aug 2024	105.15	94.50	111.56	86.00	0.689 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 BUY signal for Elgi Rubber in short term and the buy signal is strong.

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 106.19 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.