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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 2024-10-23 View latest technical analysis

10 day averaged volume of Elango Indus is 484

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	10.82	11.15	11.15	10.82	0.025 times
22 Tue Oct 2024	10.62	11.17	11.17	10.62	0.862 times
21 Mon Oct 2024	11.17	11.17	11.17	11.17	0.847 times
18 Fri Oct 2024	11.75	12.95	12.95	11.75	2.064 times
17 Thu Oct 2024	12.36	13.66	13.66	12.36	2.339 times
16 Wed Oct 2024	13.01	13.01	13.01	13.01	0.041 times
15 Tue Oct 2024	13.69	13.82	13.82	13.69	3.017 times
14 Mon Oct 2024	13.19	13.20	13.20	13.19	0.006 times
11 Fri Oct 2024	12.58	12.58	12.58	11.42	0.411 times
10 Thu Oct 2024	12.00	12.00	12.00	12.00	0.002 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.3, but if it comes above 11.3, then a intra day buy could be more profitable.
If you take a sell trade below 11.3, then use 11.3 as stoploss and 10.2 as target. However if you take a buy trade in stock , then use 11.3 as stoploss and 12.21 as target.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.62
Upside Target	10.90
Upside Target	11.42
Upside Target	11.75
Upside Target	12.58
Upside 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	10.57
Downside Intraday Target	10.32
Upside Intraday Target	11.12
Upside Intraday Target	11.42
Upside Intraday Target	10.87

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	10.82	11.17	11.17	10.62	0.232 times
18 Fri Oct 2024	11.75	13.20	13.82	11.75	8.27 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

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 Wed Oct 2024	10.82	13.74	13.82	10.62	0.671 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 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 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 SELL. Signal strength is Strong 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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 12.39 and Elango Indus (ElangoIndus) stock is trading below this level. This means that stock is falling with high volumes. 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 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.