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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 2024-09-02 View latest technical analysis

10 day averaged volume of Elgi Rubber is 75337

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	109.39	109.39	109.39	109.39	0.208 times
30 Fri Aug 2024	107.25	107.25	107.25	107.00	0.78 times
29 Thu Aug 2024	105.15	105.15	109.44	105.15	2.15 times
28 Wed Aug 2024	107.30	111.56	111.56	107.19	2.477 times
27 Tue Aug 2024	109.38	109.38	109.38	109.34	2.898 times
26 Mon Aug 2024	107.24	107.24	107.24	107.24	0.35 times
23 Fri Aug 2024	105.14	105.14	105.14	105.14	0.347 times
22 Thu Aug 2024	103.08	103.08	103.08	103.08	0.255 times
21 Wed Aug 2024	101.06	101.06	101.06	101.06	0.2 times
20 Tue Aug 2024	99.08	99.08	99.08	99.08	0.39 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 106.1, but if it comes below 106.1, then a intra day sell could be more profitable.
If you take a sell trade below 106.1, then use 106.1 as stoploss and 98.08 as target. However if you take a buy trade in stock , then use 106.1 as stoploss and 115.7 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
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	105.14
Downside Target	109.39
Upside Target	111.56

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	109.39
Downside Intraday Target	109.39
Downside Intraday Target	109.39
Downside Intraday Target	109.39
Downside Intraday Target	109.39

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	109.39	109.39	109.39	109.39	0.024 times
30 Fri Aug 2024	107.25	107.24	111.56	105.15	6.431 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

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
02 Mon Sep 2024	109.39	109.39	109.39	109.39	0.013 times
30 Fri Aug 2024	107.25	94.50	111.56	86.00	0.725 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

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 but buying is losing 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 106.85 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.