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(ElangoIndus) Elango Indus complete technical analysis [charts+indicators] | Buy/Sell Elango Indus | (ElangoIndus) share price targets

Complete technical analysis of Elango Indus (ElangoIndus) by charts plus indicators, forecast predictions and share price targets for Elango Indus (ElangoIndus)

Showing technical analysis as on 2024-09-06 View latest technical analysis

10 day averaged volume of Elango Indus is 997

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	13.15	13.11	13.20	12.55	0.18 times
05 Thu Sep 2024	13.21	13.23	13.23	11.97	0.336 times
04 Wed Sep 2024	12.60	12.60	12.60	12.00	0.509 times
03 Tue Sep 2024	12.00	11.78	12.95	11.78	0.405 times
02 Mon Sep 2024	12.40	12.50	12.50	12.40	0.131 times
30 Fri Aug 2024	12.50	12.51	12.51	11.33	2.982 times
29 Thu Aug 2024	11.92	12.05	13.16	11.92	0.326 times
28 Wed Aug 2024	12.54	11.95	12.54	11.95	3.161 times
27 Tue Aug 2024	11.95	13.00	13.00	11.95	0.165 times
26 Mon Aug 2024	12.56	11.97	12.56	11.94	0.419 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 13.3, for a target of 12.7 or 12.24

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.96
Downside Target	11.33
Downside Target	11.78
Downside Target	12.25
Downside Target	12.56
Downside Target	12.80
Upside Target	13.16
Upside Target	13.23
Upside Target	14.29

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	12.21
Downside Intraday Target	11.27
Upside Intraday Target	13.66
Upside Intraday Target	14.17
Downside Intraday Target	12.72

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	13.15	12.50	13.23	11.78	0.221 times
30 Fri Aug 2024	12.50	11.97	13.16	11.33	1.316 times
23 Fri Aug 2024	12.56	12.00	12.56	11.40	3.314 times
16 Fri Aug 2024	12.00	12.80	12.80	11.06	0.559 times
09 Fri Aug 2024	12.24	12.25	12.25	11.06	0.777 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 Elango Indus (ElangoIndus)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	13.15	12.50	13.23	11.78	0.091 times
30 Fri Aug 2024	12.50	12.77	13.16	11.06	0.274 times
31 Wed Jul 2024	12.77	12.36	14.29	10.13	1.526 times
28 Fri Jun 2024	11.78	11.00	11.78	9.12	1.36 times

Scroll below to view daily charts

Price has moved up 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 Elango Indus (ElangoIndus)

Price action analysis of Elango Indus ( (ElangoIndus) ) 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 Elango Indus ( (ElangoIndus) ) 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 Elango Indus ( (ElangoIndus) ) 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 Elango Indus stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Elango Indus 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.

Elango Indus 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Elango Indus 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 Elango Indus is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.51 and Elango Indus (ElangoIndus) 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 Elango Indus (ElangoIndus) stock. Volume based technical analysis of Elango Indus (ElangoIndus) stock is negative.

Elango Indus 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.