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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)

10 day averaged volume of Elgi Rubber is 70119

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Dec 2023	55.10	56.70	56.70	55.00	0.367 times
30 Thu Nov 2023	55.70	57.95	57.95	55.05	0.708 times
29 Wed Nov 2023	57.30	59.25	59.75	57.00	0.601 times
28 Tue Nov 2023	57.65	56.95	59.75	56.95	1.785 times
24 Fri Nov 2023	56.95	58.60	58.60	56.55	0.503 times
23 Thu Nov 2023	57.55	57.45	58.65	57.00	0.606 times
22 Wed Nov 2023	55.90	58.05	58.40	55.05	0.355 times
21 Tue Nov 2023	56.90	59.00	59.50	56.25	0.824 times
20 Mon Nov 2023	58.10	60.40	60.75	57.25	1.464 times
17 Fri Nov 2023	57.90	56.80	57.90	55.20	2.206 times

My analysis of stock is bullish for shortterm, and stock might move up till 57.3 or till 60.4. Use a stoploss of 54.63 and if this stock hits its stoploss, then it can fall down till 51.99

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	31.50
Downside Target	38.55
Downside Target	45.40
Downside Target	48.50
Downside Target	51.45
Downside Target	53.15
Downside Target	55.00
Upside Target	55.75
Upside Target	56.70
Upside Target	57.90
Upside Target	59.75
Upside Target	60.75

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	53.48
Downside Intraday Target	51.87
Upside Intraday Target	58.23
Upside Intraday Target	61.37
Upside Intraday Target	56.62

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Dec 2023	55.10	56.95	59.75	55.00	0.923 times
24 Fri Nov 2023	56.95	60.40	60.75	55.05	0.591 times
17 Fri Nov 2023	57.90	49.10	57.90	49.10	4.067 times
10 Fri Nov 2023	50.70	51.50	53.15	50.00	1.199 times
03 Fri Nov 2023	51.30	50.45	51.45	48.50	0.507 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
01 Fri Dec 2023	55.10	56.70	56.70	55.00	0.023 times
30 Thu Nov 2023	55.70	50.40	60.75	48.50	1.432 times
31 Tue Oct 2023	49.10	52.45	55.00	45.40	2.579 times
29 Fri Sep 2023	51.15	55.00	55.75	50.10	0.699 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 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 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.

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 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 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 and SELL signal is strong!

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 57.33 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 positive

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