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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 2024-09-11 View latest technical analysis

10 day averaged volume of Elgi Rubber is 61220

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	103.71	103.71	103.71	103.71	0.209 times
10 Tue Sep 2024	105.83	105.83	105.83	105.83	0.174 times
09 Mon Sep 2024	107.99	109.00	109.00	107.99	0.141 times
06 Fri Sep 2024	110.20	112.45	112.45	110.20	0.098 times
05 Thu Sep 2024	112.45	112.98	113.28	112.45	0.465 times
04 Wed Sep 2024	111.18	106.82	111.18	106.82	1.295 times
03 Tue Sep 2024	109.00	111.57	111.57	109.00	0.918 times
02 Mon Sep 2024	109.39	109.39	109.39	109.39	0.256 times
30 Fri Aug 2024	107.25	107.25	107.25	107.00	0.959 times
29 Thu Aug 2024	105.15	105.15	109.44	105.15	2.646 times

My analysis of stock is bearish for shortterm, and stock might move down till 99.8 or till 93.5. Use a stoploss of 105.01 and if the stock hits stoploss, then it can shoot up till 110.25

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	103.71
Upside Target	105.15
Upside Target	106.82
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	101.95
Downside Intraday Target	100.18
Upside Intraday Target	107.24
Upside Intraday Target	110.76
Upside Intraday Target	105.47

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	103.71	109.00	109.00	103.71	0.173 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
11 Wed Sep 2024	103.71	109.39	113.28	103.71	0.185 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 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 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 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 107.74 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 has given negative 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.