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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 2024-10-03 View latest technical analysis

10 day averaged volume of Elango Indus is 509

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	13.45	13.48	13.48	13.45	0.202 times
01 Tue Oct 2024	13.50	13.74	13.74	13.50	0.238 times
30 Mon Sep 2024	13.15	13.20	13.20	13.15	2.285 times
26 Thu Sep 2024	12.58	12.58	12.58	12.58	0.016 times
25 Wed Sep 2024	12.00	12.01	12.01	12.00	1.012 times
24 Tue Sep 2024	11.44	10.90	11.44	10.90	2.049 times
23 Mon Sep 2024	10.90	11.44	11.44	10.90	1.984 times
20 Fri Sep 2024	11.44	12.04	12.04	11.44	0.395 times
19 Thu Sep 2024	12.04	12.04	12.04	12.04	0.206 times
18 Wed Sep 2024	12.67	12.08	12.67	12.00	1.572 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.1, but if it comes below 13.1, then a intra day sell could be more profitable.
If you take a sell trade below 13.1, then use 13.1 as stoploss and 12.4 as target. However if you take a buy trade in stock , then use 13.1 as stoploss and 13.9 as target.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.90
Downside Target	11.44
Downside Target	11.78
Downside Target	12.58
Downside Target	13.15
Downside Target	13.35
Downside Target	13.45
Upside Target	13.74
Upside Target	14.29

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	13.15
Downside Intraday Target	12.86
Upside Intraday Target	13.74
Upside Intraday Target	14.04
Downside Intraday Target	13.45

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	13.45	13.20	13.74	13.15	0.538 times
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

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
03 Thu Oct 2024	13.45	13.74	13.74	13.45	0.029 times
30 Mon Sep 2024	13.15	12.50	13.35	10.90	0.446 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

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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elango Indus in short term but SELL signal is weak.

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 12.08 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.