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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 2025-01-10 View latest technical analysis

10 day averaged volume of Elgi Rubber is 57824

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	121.41	125.50	126.10	121.41	0.802 times
09 Thu Jan 2025	127.81	135.00	137.00	127.81	0.885 times
08 Wed Jan 2025	134.54	134.70	138.00	132.00	1.293 times
07 Tue Jan 2025	132.30	126.50	133.05	124.00	1.272 times
06 Mon Jan 2025	126.72	136.95	140.00	126.72	2.599 times
03 Fri Jan 2025	133.39	126.90	133.39	123.00	1.114 times
02 Thu Jan 2025	127.04	133.00	133.00	126.87	1.051 times
01 Wed Jan 2025	133.55	131.05	135.60	129.24	0.894 times
25 Fri Oct 2024	90.94	94.75	94.75	87.34	0.506 times
24 Thu Oct 2024	91.94	96.50	97.70	91.10	0.151 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 126.8 as stoploss in an intra day sell trade for a target of 110.96. However, stock will show a bullish move above 126.8.

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	121.41
Upside Target	123.00
Upside Target	135.60
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	115.21
Downside Intraday Target	109.02
Upside Intraday Target	133.8
Upside Intraday Target	146.2
Upside Intraday Target	127.61

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri Jan 2025	121.41	136.95	140.00	121.41	2.241 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, 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
10 Fri Jan 2025	121.41	131.05	140.00	121.41	1.188 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 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 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 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 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 Weak and stock is losing momentum.

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

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 green color and prices are in or below the green 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 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 127.14 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 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.