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 |
| 02 Thu May 2024 | 54.00 | 54.00 to 55.00 | -1.1% | 0.17 times |
| 30 Tue Apr 2024 | 54.60 | 54.20 to 55.75 | 0.74% | 0.47 times |
| 29 Mon Apr 2024 | 54.20 | 52.30 to 61.95 | -3.82% | 4.12 times |
| 26 Fri Apr 2024 | 56.35 | 55.00 to 57.70 | 0.81% | 0.48 times |
| 25 Thu Apr 2024 | 55.90 | 55.60 to 57.75 | -2.7% | 0.28 times |
| 24 Wed Apr 2024 | 57.45 | 52.55 to 60.00 | 7.99% | 2.27 times |
| 23 Tue Apr 2024 | 53.20 | 50.00 to 54.45 | 6.29% | 1.28 times |
| 22 Mon Apr 2024 | 50.05 | 49.10 to 51.00 | 1.42% | 0.23 times |
| 19 Fri Apr 2024 | 49.35 | 48.00 to 49.80 | -0.7% | 0.21 times |
| 18 Thu Apr 2024 | 49.70 | 49.20 to 50.90 | -0.3% | 0.44 times |
| 16 Tue Apr 2024 | 49.85 | 49.50 to 51.25 | -0.1% | 0.21 times |
| 15 Mon Apr 2024 | 49.90 | 48.30 to 51.30 | -2.73% | 0.41 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, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!
My analysis of Elgi Rubber Company Limited is bullish for shortterm, and stock might move up till 55.9 or till 58.8. Use a stoploss of 53.48 and if this stock hits its stoploss, then it can fall down till 51.04