(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 616260
| Date | Daily Closing Price | Open | High | Low | Volume |
| 27 Mon May 2024 | 82.65 | 79.80 | 86.50 | 77.80 | 1.601 times |
| 24 Fri May 2024 | 76.40 | 80.00 | 82.75 | 75.50 | 1.003 times |
| 23 Thu May 2024 | 79.15 | 71.00 | 83.80 | 69.55 | 2.33 times |
| 22 Wed May 2024 | 71.05 | 70.90 | 75.80 | 70.55 | 1.138 times |
| 21 Tue May 2024 | 69.75 | 61.90 | 75.20 | 61.90 | 2.649 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 81.8, for a target of 71.7 or 63.24
Share price targets for Elgi Rubber (ELGIRUBCO)
| Target Type | Value |
| Downside Target | 44.70 |
| Downside Target | 48.00 |
| 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 | 67.25 |
| Downside Target | 69.90 |
| Downside Target | 77.80 |
| Upside Target | 83.80 |
| Upside Target | 86.50 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO)
| Target Type | Value |
| Downside Intraday Target | 78.13 |
| Downside Intraday Target | 73.62 |
| Upside Intraday Target | 86.83 |
| Upside Intraday Target | 91.02 |
| Downside Intraday Target | 82.32 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 27 Mon May 2024 | 82.65 | 79.80 | 86.50 | 77.80 | 0.224 times |
| 24 Fri May 2024 | 76.40 | 64.50 | 83.80 | 61.40 | 4.594 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 |
Price has moved up 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)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 27 Mon May 2024 | 82.65 | 55.00 | 86.50 | 51.90 | 5.067 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, 3, 83 | Buy |
| MACD | 10, 7 | Buy |
| Stochastics | 79 | Buy |
| CCI | 132 | Buy |
| RSI | 67 | Buy |
| OBV | 5314874 | Sell |
| VWAP | 74 | Buy |
| ADL | 0 | Sell |
| ROC | 30 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 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 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 74.02 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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