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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 2024-10-01 View latest technical analysis

10 day averaged volume of Elgi Rubber is 38032

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	95.79	96.51	97.00	94.11	0.563 times
30 Mon Sep 2024	96.91	94.99	98.88	93.10	1.637 times
27 Fri Sep 2024	95.07	92.99	96.97	90.00	0.723 times
26 Thu Sep 2024	92.57	96.39	97.38	92.00	1.496 times
25 Wed Sep 2024	96.62	101.39	103.05	96.53	1.037 times
24 Tue Sep 2024	101.62	99.70	106.00	98.00	1.335 times
23 Mon Sep 2024	101.77	99.79	101.77	92.25	2.026 times
20 Fri Sep 2024	96.93	98.03	98.03	96.93	0.16 times
19 Thu Sep 2024	98.91	98.91	98.91	98.91	0.103 times
18 Wed Sep 2024	100.93	102.99	102.99	100.93	0.446 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 96.5, but if it comes above 96.5, then a intra day buy could be more profitable.
If you take a sell trade below 96.5, then use 96.5 as stoploss and 90 as target. However if you take a buy trade in stock , then use 96.5 as stoploss and 101.93 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	62.45
Downside Target	68.60
Downside Target	83.90
Downside Target	86.00
Downside Target	90.00
Downside Target	93.10
Upside Target	96.93
Upside Target	100.98
Upside Target	106.00
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	92.97
Downside Intraday Target	90.14
Upside Intraday Target	98.75
Upside Intraday Target	101.7
Upside Intraday Target	95.92

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	95.79	94.99	98.88	93.10	0.333 times
27 Fri Sep 2024	95.07	99.79	106.00	90.00	2.111 times
20 Fri Sep 2024	96.93	101.97	102.99	96.93	0.752 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

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
01 Tue Oct 2024	95.79	96.51	97.00	94.11	0.028 times
30 Mon Sep 2024	96.91	109.39	113.28	90.00	0.659 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining 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 97.89 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.