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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 2024-09-26 View latest technical analysis

10 day averaged volume of Elango Indus is 429

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	12.58	12.58	12.58	12.58	0.019 times
25 Wed Sep 2024	12.00	12.01	12.01	12.00	1.2 times
24 Tue Sep 2024	11.44	10.90	11.44	10.90	2.431 times
23 Mon Sep 2024	10.90	11.44	11.44	10.90	2.354 times
20 Fri Sep 2024	11.44	12.04	12.04	11.44	0.469 times
19 Thu Sep 2024	12.04	12.04	12.04	12.04	0.245 times
18 Wed Sep 2024	12.67	12.08	12.67	12.00	1.865 times
17 Tue Sep 2024	12.08	12.09	12.09	12.08	0.282 times
16 Mon Sep 2024	12.09	12.09	12.09	12.09	0.131 times
13 Fri Sep 2024	12.09	12.69	12.69	12.09	0.436 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 12.8 as stoploss in an intra day sell trade for a target of 12.24. However, stock will show a bullish move above 12.8.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.90
Downside Target	11.33
Downside Target	11.78
Downside Target	12.58
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	11.46
Downside Intraday Target	10.34
Upside Intraday Target	13.14
Upside Intraday Target	13.7
Downside Intraday Target	12.02

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	12.58	11.44	12.58	10.90	2.008 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elango Indus (ElangoIndus)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	12.58	12.50	13.35	10.90	0.378 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elango Indus Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 11.7 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 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 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.