Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-01-06 View latest technical analysis

10 day averaged volume of Elgi Rubber is 36814

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	126.72	136.95	140.00	126.72	4.083 times
03 Fri Jan 2025	133.39	126.90	133.39	123.00	1.749 times
02 Thu Jan 2025	127.04	133.00	133.00	126.87	1.65 times
01 Wed Jan 2025	133.55	131.05	135.60	129.24	1.404 times
25 Fri Oct 2024	90.94	94.75	94.75	87.34	0.794 times
24 Thu Oct 2024	91.94	96.50	97.70	91.10	0.237 times
23 Wed Oct 2024	95.74	94.50	97.00	90.95	0.371 times
22 Tue Oct 2024	95.74	100.99	100.99	95.74	0.973 times
21 Mon Oct 2024	100.78	108.99	108.99	99.80	0.509 times
18 Fri Oct 2024	105.02	100.55	108.95	100.55	0.765 times

Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 117.8, but if it comes below 117.8, then a intra day sell could be more profitable.
If you take a sell trade below 117.8, then use 117.8 as stoploss and 104.14 as target. However if you take a buy trade in stock , then use 117.8 as stoploss and 134.2 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	68.60
Downside Target	86.00
Downside Target	90.00
Downside Target	92.50
Downside Target	99.65
Downside Target	108.99
Downside Target	113.28
Downside Target	123.00
Downside Target	126.72
Upside Target	135.60
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	122.29
Downside Intraday Target	117.87
Upside Intraday Target	135.57
Upside Intraday Target	144.43
Upside Intraday Target	131.15

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	126.72	136.95	140.00	126.72	0.85 times
03 Fri Jan 2025	133.39	131.05	135.60	123.00	1.666 times
25 Fri Oct 2024	90.94	108.99	108.99	87.34	0.608 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

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
06 Mon Jan 2025	126.72	131.05	140.00	123.00	0.678 times
25 Fri Oct 2024	90.94	96.51	109.65	87.34	0.621 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

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 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 mid to longer 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.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is gaining 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 tired and bears are picking up momentum.

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 119.83 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 positive

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