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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 2024-09-23 View latest technical analysis

10 day averaged volume of Elango Indus is 233

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	10.90	11.44	11.44	10.90	4.335 times
20 Fri Sep 2024	11.44	12.04	12.04	11.44	0.863 times
19 Thu Sep 2024	12.04	12.04	12.04	12.04	0.451 times
18 Wed Sep 2024	12.67	12.08	12.67	12.00	3.433 times
17 Tue Sep 2024	12.08	12.09	12.09	12.08	0.519 times
16 Mon Sep 2024	12.09	12.09	12.09	12.09	0.24 times
13 Fri Sep 2024	12.09	12.69	12.69	12.09	0.803 times
12 Thu Sep 2024	12.09	13.30	13.30	12.09	1.099 times
11 Wed Sep 2024	12.72	11.82	12.72	11.82	0.502 times
10 Tue Sep 2024	12.12	13.35	13.35	12.12	1.562 times

Stock of Elango Indus (ElangoIndus) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 11.1, for a target of 11.7 or 12.26

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.90
Upside Target	11.33
Upside Target	11.78
Upside Target	12.67
Upside Target	13.16
Upside Target	13.23
Upside Target	13.35
Upside Target	14.29

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	10.72
Downside Intraday Target	10.54
Upside Intraday Target	11.26
Upside Intraday Target	11.62
Upside Intraday Target	11.08

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	10.90	11.44	11.44	10.90	0.787 times
20 Fri Sep 2024	11.44	12.09	12.67	11.44	1.223 times
13 Fri Sep 2024	12.09	12.75	13.35	11.82	0.674 times
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

Price has moved down 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
23 Mon Sep 2024	10.90	12.50	13.35	10.90	0.287 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 down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elango Indus ( (ElangoIndus) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elango Indus ( (ElangoIndus) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elango Indus stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elango Indus in short term and the sell signal is strong.

Elango Indus Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elango Indus in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elango Indus is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.84 and Elango Indus (ElangoIndus) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.