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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 2024-11-05 View latest technical analysis

10 day averaged volume of Elango Indus is 569

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	12.83	13.50	13.50	12.83	0.069 times
04 Mon Nov 2024	13.50	13.05	13.69	13.05	1.36 times
31 Thu Oct 2024	13.05	13.65	13.65	13.05	0.346 times
30 Wed Oct 2024	13.05	13.05	13.05	13.05	0.091 times
29 Tue Oct 2024	12.48	12.48	12.48	12.48	0.009 times
28 Mon Oct 2024	12.48	11.57	12.48	11.57	2.109 times
25 Fri Oct 2024	11.92	11.92	11.92	11.92	4.334 times
24 Thu Oct 2024	11.36	10.82	11.36	10.82	0.283 times
23 Wed Oct 2024	10.82	11.15	11.15	10.82	0.021 times
22 Tue Oct 2024	10.62	11.17	11.17	10.62	0.733 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 12.32. However, stock will show a bullish move above 13.2.

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	12.83
Upside 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	12.54
Downside Intraday Target	12.26
Upside Intraday Target	13.4
Upside Intraday Target	13.98
Upside Intraday Target	13.12

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	12.83	13.05	13.69	12.83	0.559 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 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
05 Tue Nov 2024	12.83	13.05	13.69	12.83	0.088 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 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 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 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 SELL signal in short term and selling is picking up 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 12.21 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.