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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 2024-10-04 View latest technical analysis

10 day averaged volume of Elgi Rubber is 37053

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	97.87	95.99	99.60	93.10	1.139 times
03 Thu Oct 2024	94.89	93.15	96.00	93.15	0.68 times
01 Tue Oct 2024	95.79	96.51	97.00	94.11	0.578 times
30 Mon Sep 2024	96.91	94.99	98.88	93.10	1.68 times
27 Fri Sep 2024	95.07	92.99	96.97	90.00	0.742 times
26 Thu Sep 2024	92.57	96.39	97.38	92.00	1.536 times
25 Wed Sep 2024	96.62	101.39	103.05	96.53	1.064 times
24 Tue Sep 2024	101.62	99.70	106.00	98.00	1.37 times
23 Mon Sep 2024	101.77	99.79	101.77	92.25	2.08 times
20 Fri Sep 2024	96.93	98.03	98.03	96.93	0.165 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 95.9 as stoploss in an intra day buy trade for a target of 100.38. However, stock will show a bearish move below 95.9.

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
Downside Target	96.93
Upside Target	99.60
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	94.11
Downside Intraday Target	90.36
Upside Intraday Target	100.61
Upside Intraday Target	103.36
Downside Intraday Target	96.86

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	97.87	94.99	99.60	93.10	0.6 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
04 Fri Oct 2024	97.87	96.51	99.60	93.10	0.114 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 97.57 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 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.