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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 2024-10-16 View latest technical analysis

10 day averaged volume of Elango Indus is 330

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	13.01	13.01	13.01	13.01	0.061 times
15 Tue Oct 2024	13.69	13.82	13.82	13.69	4.424 times
14 Mon Oct 2024	13.19	13.20	13.20	13.19	0.009 times
11 Fri Oct 2024	12.58	12.58	12.58	11.42	0.603 times
10 Thu Oct 2024	12.00	12.00	12.00	12.00	0.003 times
09 Wed Oct 2024	12.00	12.13	12.13	12.00	0.612 times
07 Mon Oct 2024	12.50	13.00	13.00	12.50	0.106 times
03 Thu Oct 2024	13.45	13.48	13.48	13.45	0.312 times
01 Tue Oct 2024	13.50	13.74	13.74	13.50	0.367 times
30 Mon Sep 2024	13.15	13.20	13.20	13.15	3.524 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 13.2 as stoploss in an intra day sell trade for a target of 12.42. However, stock will show a bullish move above 13.2.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.90
Downside Target	11.42
Downside Target	11.78
Downside Target	12.58
Downside Target	13.00
Upside Target	13.16
Upside Target	13.35
Upside Target	13.74
Upside Target	13.82
Upside Target	14.29

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	12.74
Downside Intraday Target	12.47
Upside Intraday Target	13.55
Upside Intraday Target	14.09
Upside Intraday Target	13.28

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	13.01	13.20	13.82	13.01	3.394 times
11 Fri Oct 2024	12.58	13.00	13.00	11.42	0.315 times
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

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
16 Wed Oct 2024	13.01	13.74	13.82	11.42	0.281 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 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 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 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 mid to longer 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.

ADX buy sell signal for Elango Indus stock for short term is BUY. Signal strength is Weak 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 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 SELL signal for Elango Indus in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY 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 13.3 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 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.