Stock analysis Elgi Rubber Company Limited ELGIRUBCO
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Recent prices of ELGIRUBCO Elgi Rubber Company Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 26 Thu Dec 2024 | 130.16 | 114.11 to 137.70 | 10.91% | 4.2 times |
| 24 Tue Dec 2024 | 117.36 | 115.55 to 123.00 | -1.58% | 0.27 times |
| 23 Mon Dec 2024 | 119.24 | 118.00 to 124.84 | -1.36% | 0.36 times |
| 20 Fri Dec 2024 | 120.88 | 120.02 to 128.59 | -3.33% | 0.42 times |
| 19 Thu Dec 2024 | 125.04 | 122.61 to 129.93 | -1.15% | 0.53 times |
| 18 Wed Dec 2024 | 126.49 | 125.10 to 135.83 | 0% | 0.74 times |
| 18 Wed Dec 2024 | 126.49 | 125.10 to 135.83 | -5.65% | 0.74 times |
| 17 Tue Dec 2024 | 134.07 | 121.61 to 139.90 | 9.62% | 5.17 times |
| 16 Mon Dec 2024 | 122.30 | 122.00 to 128.66 | -2.66% | 0.3 times |
| 13 Fri Dec 2024 | 125.64 | 119.50 to 126.95 | 2.5% | 0.64 times |
| 12 Thu Dec 2024 | 122.57 | 121.33 to 128.10 | -2.29% | 0.83 times |
| 11 Wed Dec 2024 | 125.44 | 123.35 to 134.20 | -2.89% | 0.92 times |
Technical analysis forecast of Elgi Rubber Company Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Elgi Rubber Company Limited ELGIRUBCO at this time. Stock is rising and might rise more.
It appears as if Elgi Rubber Company Limited ELGIRUBCO gave a large move recently.
Stock of Elgi Rubber Company Limited (ELGIRUBCO) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.
My analysis of Elgi Rubber Company Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Elgi Rubber Company Limited stays above 128.1, but if it comes below 128.1, then a intra day sell could be more profitable.
If you take a sell trade below 128.1, then use 128.1 as stoploss and 120.94 as target. However if you take a buy trade in Elgi Rubber Company Limited, then use 128.1 as stoploss and 136.8 as target.