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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 2024-09-09 View latest technical analysis

10 day averaged volume of Elgi Rubber is 83760

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	107.99	109.00	109.00	107.99	0.103 times
06 Fri Sep 2024	110.20	112.45	112.45	110.20	0.071 times
05 Thu Sep 2024	112.45	112.98	113.28	112.45	0.34 times
04 Wed Sep 2024	111.18	106.82	111.18	106.82	0.947 times
03 Tue Sep 2024	109.00	111.57	111.57	109.00	0.671 times
02 Mon Sep 2024	109.39	109.39	109.39	109.39	0.187 times
30 Fri Aug 2024	107.25	107.25	107.25	107.00	0.701 times
29 Thu Aug 2024	105.15	105.15	109.44	105.15	1.934 times
28 Wed Aug 2024	107.30	111.56	111.56	107.19	2.228 times
27 Tue Aug 2024	109.38	109.38	109.38	109.34	2.606 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 110.4 as stoploss in an intra day sell trade for a target of 103.6. However, stock will show a bullish move above 110.4.

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	94.20
Downside Target	105.14
Downside Target	106.82
Downside Target	107.99
Upside Target	109.00
Upside Target	111.56
Upside Target	113.28

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	107.65
Downside Intraday Target	107.32
Upside Intraday Target	108.66
Upside Intraday Target	109.34
Upside Intraday Target	108.33

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	107.99	109.00	109.00	107.99	0.047 times
06 Fri Sep 2024	110.20	109.39	113.28	106.82	0.285 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

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 Mon Sep 2024	107.99	109.39	113.28	106.82	0.165 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 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 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 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 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 coming down

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 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 108.16 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.