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(ELGIRUBCO) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO) share price targets

Complete technical analysis of Elgi Rubber (ELGIRUBCO) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO)

10 day averaged volume of Elgi Rubber is 416691

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 71.05 70.90 75.80 70.55 1.683 times
21 Tue May 2024 69.75 61.90 75.20 61.90 3.918 times
20 Mon May 2024 62.70 64.50 64.50 61.40 0.05 times
17 Fri May 2024 62.15 63.75 65.50 61.35 0.176 times
16 Thu May 2024 64.25 64.05 67.25 63.35 0.921 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 71, for a target of 64.9 or 59.81

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Target 44.70
Downside Target 48.00
Downside Target 49.10
Downside Target 51.90
Downside Target 53.85
Downside Target 57.60
Downside Target 59.55
Downside Target 61.40
Downside Target 63.90
Downside Target 66.00
Downside Target 67.25
Downside Target 69.90
Upside Target 75.80

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Intraday Target 63.03
Downside Intraday Target 55.02
Upside Intraday Target 77.43
Upside Intraday Target 83.82
Downside Intraday Target 69.42

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 71.05 64.50 75.80 61.40 2.454 times
17 Fri May 2024 62.15 62.40 67.25 59.55 0.578 times
10 Fri May 2024 62.25 52.75 66.00 51.90 2.866 times
03 Fri May 2024 52.65 56.35 61.95 52.00 1.127 times
26 Fri Apr 2024 56.35 49.80 60.00 49.10 3.582 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 71.05 55.00 75.80 51.90 3.159 times
30 Tue Apr 2024 54.60 49.00 61.95 48.00 0.707 times
28 Thu Mar 2024 48.60 61.45 65.00 44.70 0.452 times
29 Thu Feb 2024 61.10 58.95 69.90 53.85 12.919 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 37, 6, 72 Buy
MACD 6, 5Buy
Stochastics 70None
CCI 203Buy
RSI 61Buy
OBV 3881237Sell
VWAP 67Buy
ADL 0Sell
ROC 17Buy
Force Index 0Sell

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) 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) ) 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) ) based on a mid to longer term time period is

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 positive zone. This is a BUY zone

Stock of Elgi Rubber is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 66.7 and Elgi Rubber (ELGIRUBCO) 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) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) 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.

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