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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 2024-11-04 View latest technical analysis

10 day averaged volume of Elango Indus is 592

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	13.50	13.05	13.69	13.05	1.307 times
31 Thu Oct 2024	13.05	13.65	13.65	13.05	0.333 times
30 Wed Oct 2024	13.05	13.05	13.05	13.05	0.088 times
29 Tue Oct 2024	12.48	12.48	12.48	12.48	0.008 times
28 Mon Oct 2024	12.48	11.57	12.48	11.57	2.027 times
25 Fri Oct 2024	11.92	11.92	11.92	11.92	4.166 times
24 Thu Oct 2024	11.36	10.82	11.36	10.82	0.272 times
23 Wed Oct 2024	10.82	11.15	11.15	10.82	0.02 times
22 Tue Oct 2024	10.62	11.17	11.17	10.62	0.704 times
21 Mon Oct 2024	11.17	11.17	11.17	11.17	0.693 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.2, but if it comes below 13.2, then a intra day sell could be more profitable.
If you take a sell trade below 13.2, then use 13.2 as stoploss and 12.35 as target. However if you take a buy trade in stock , then use 13.2 as stoploss and 14.3 as target.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	10.13
Downside Target	10.62
Downside Target	10.90
Downside Target	11.42
Downside Target	13.00
Downside Target	13.35
Upside Target	13.65
Upside Target	13.69
Upside Target	13.82
Upside Target	14.29

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	13.14
Downside Intraday Target	12.77
Upside Intraday Target	13.78
Upside Intraday Target	14.05
Downside Intraday Target	13.41

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	13.50	13.05	13.69	13.05	0.532 times
31 Thu Oct 2024	13.05	11.57	13.65	11.57	0.42 times
25 Fri Oct 2024	11.92	11.17	11.92	10.62	0.959 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

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
04 Mon Nov 2024	13.50	13.05	13.69	13.05	0.084 times
31 Thu Oct 2024	13.05	13.74	13.82	10.62	1.206 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

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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong and stock is gaining 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 moving up

CCI has generated a buy signal for Elango Indus in short term and BUY signal is strong.

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 12.14 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.