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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 2025-01-22 View latest technical analysis

10 day averaged volume of Elgi Rubber is 36744

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	109.42	109.99	116.40	107.00	0.425 times
21 Tue Jan 2025	110.90	115.72	117.50	110.02	0.491 times
20 Mon Jan 2025	115.72	119.62	119.62	114.10	0.759 times
17 Fri Jan 2025	116.62	118.70	118.99	114.50	0.589 times
16 Thu Jan 2025	116.19	114.87	117.95	114.87	0.445 times
15 Wed Jan 2025	112.97	112.30	114.87	107.20	1.281 times
14 Tue Jan 2025	112.30	115.01	116.07	109.56	1.254 times
13 Mon Jan 2025	115.33	116.41	116.41	115.33	0.491 times
10 Fri Jan 2025	121.41	125.50	126.10	121.41	1.262 times
09 Thu Jan 2025	127.81	135.00	137.00	127.81	1.393 times

My analysis of stock is bearish for shortterm, and stock might move down till 102.3 or till 85.9. Use a stoploss of 116.03 and if the stock hits stoploss, then it can shoot up till 129.72

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	94.20
Downside Target	107.00
Upside Target	118.99
Upside Target	119.62
Upside 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	104.41
Downside Intraday Target	99.39
Upside Intraday Target	117.03
Upside Intraday Target	124.63
Upside Intraday Target	112.01

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Jan 2025	109.42	119.62	119.62	107.00	0.413 times
17 Fri Jan 2025	116.62	116.41	118.99	107.20	0.377 times
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

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
22 Wed Jan 2025	109.42	131.05	140.00	107.00	1.625 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, and volume has increased substantially. This means that the move can 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and the buying is gaining 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 117.12 and Elgi Rubber (ELGIRUBCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 positive

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