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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 2024-10-18 View latest technical analysis

10 day averaged volume of Elgi Rubber is 30146

Date Daily Closing Price Open High Low Volume
18 Fri Oct 2024 105.02 100.55 108.95 100.55 0.934 times
17 Thu Oct 2024 105.21 104.43 109.65 102.50 1.891 times
16 Wed Oct 2024 104.43 101.75 104.43 97.01 0.697 times
15 Tue Oct 2024 99.46 101.78 104.40 96.62 1.489 times
14 Mon Oct 2024 99.48 95.55 100.00 95.55 0.78 times
11 Fri Oct 2024 97.32 97.00 99.60 93.82 0.695 times
10 Thu Oct 2024 96.35 99.00 99.65 96.05 0.089 times
09 Wed Oct 2024 95.74 92.99 97.49 92.50 0.57 times
08 Tue Oct 2024 92.97 92.50 94.89 92.50 0.693 times
07 Mon Oct 2024 93.01 93.15 97.57 92.97 1.696 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 106.3, for a target of 101.8 or 97.95

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 92.50
Downside Target 99.60
Downside Target 102.99
Upside Target 106.00
Upside Target 109.65
Upside Target 111.56
Upside Target 113.28

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type Value
Downside Intraday Target 97.16
Downside Intraday Target 89.31
Upside Intraday Target 111.26
Upside Intraday Target 117.51
Downside Intraday Target 103.41

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date Weekly Closing Price Open High Low Volume
18 Fri Oct 2024 105.02 95.55 109.65 95.55 1.547 times
11 Fri Oct 2024 97.32 93.15 99.65 92.50 0.747 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date Monthly Closing Price Open High Low Volume
18 Fri Oct 2024 105.02 96.51 109.65 92.50 0.484 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 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 to mid 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Elgi Rubber in short term and the buy signal is strong.

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

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 99.48 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 is giving positive 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.

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 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 to mid 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Elgi Rubber in short term and the buy signal is strong.

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

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 99.48 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 is giving positive 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.

Click here for Elgi Rubber charts

Click here for further forecast and predictions for tomorrow

Daily charts

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