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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 2024-10-23 View latest technical analysis

10 day averaged volume of Elgi Rubber is 26994

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	95.74	94.50	97.00	90.95	0.506 times
22 Tue Oct 2024	95.74	100.99	100.99	95.74	1.327 times
21 Mon Oct 2024	100.78	108.99	108.99	99.80	0.694 times
18 Fri Oct 2024	105.02	100.55	108.95	100.55	1.044 times
17 Thu Oct 2024	105.21	104.43	109.65	102.50	2.111 times
16 Wed Oct 2024	104.43	101.75	104.43	97.01	0.778 times
15 Tue Oct 2024	99.46	101.78	104.40	96.62	1.663 times
14 Mon Oct 2024	99.48	95.55	100.00	95.55	0.871 times
11 Fri Oct 2024	97.32	97.00	99.60	93.82	0.777 times
10 Thu Oct 2024	96.35	99.00	99.65	96.05	0.099 times

My analysis of stock is bearish for shortterm, and stock might move down till 93.8 or till 89.4. Use a stoploss of 97.55 and if the stock hits stoploss, then it can shoot up till 101.26

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
Upside Target	99.60
Upside Target	99.65
Upside Target	106.00
Upside Target	108.99
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	88.13
Downside Intraday Target	80.52
Upside Intraday Target	106.17
Upside Intraday Target	116.6
Upside Intraday Target	98.56

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	95.74	108.99	108.99	90.95	0.391 times
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

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
23 Wed Oct 2024	95.74	96.51	109.65	90.95	0.572 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Elgi Rubber stock for short term is SELL. Signal strength is Weak 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 getting stronger in this stock.

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 but buying is losing 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 100.87 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 negative.

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