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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 2024-09-17 View latest technical analysis

10 day averaged volume of Elgi Rubber is 38130

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	102.99	101.70	102.99	99.10	1.034 times
16 Mon Sep 2024	100.98	101.97	101.97	100.98	1.384 times
13 Fri Sep 2024	103.05	100.98	103.05	100.98	1.249 times
12 Thu Sep 2024	103.05	101.63	103.05	101.63	2.069 times
11 Wed Sep 2024	103.71	103.71	103.71	103.71	0.335 times
10 Tue Sep 2024	105.83	105.83	105.83	105.83	0.279 times
09 Mon Sep 2024	107.99	109.00	109.00	107.99	0.226 times
06 Fri Sep 2024	110.20	112.45	112.45	110.20	0.157 times
05 Thu Sep 2024	112.45	112.98	113.28	112.45	0.746 times
04 Wed Sep 2024	111.18	106.82	111.18	106.82	2.08 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 103, but if it comes above 103, then a intra day buy could be more profitable.
If you take a sell trade below 103, then use 103 as stoploss and 99 as target. However if you take a buy trade in stock , then use 103 as stoploss and 106.27 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	94.20
Downside Target	97.14
Downside Target	99.10
Upside Target	105.14
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	100.4
Downside Intraday Target	97.8
Upside Intraday Target	104.29
Upside Intraday Target	105.58
Downside Intraday Target	101.69

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	102.99	101.97	102.99	99.10	0.581 times
13 Fri Sep 2024	103.05	109.00	109.00	100.98	0.854 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

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
17 Tue Sep 2024	102.99	109.39	113.28	99.10	0.37 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 Strong and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term but BUY signal is weak.

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 105.58 and Elgi Rubber (ELGIRUBCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.