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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)

10 day averaged volume of Elango Indus is 3347

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	11.33	11.33	11.33	11.33	0.061 times
16 Tue Apr 2024	11.56	11.68	11.68	11.56	0.013 times
15 Mon Apr 2024	11.79	11.79	11.79	11.79	0.03 times
12 Fri Apr 2024	12.03	12.03	12.03	12.03	0.004 times
10 Wed Apr 2024	12.27	12.52	12.52	12.27	0.012 times
09 Tue Apr 2024	12.52	12.52	12.52	12.52	0.959 times
08 Mon Apr 2024	12.77	12.80	12.85	12.25	1.573 times
05 Fri Apr 2024	12.24	12.24	12.24	12.24	0.692 times
04 Thu Apr 2024	11.66	11.48	11.66	11.48	0.927 times
03 Wed Apr 2024	11.11	11.09	11.11	10.13	2.008 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 10.9 as stoploss in an intra day buy trade for a target of 12.11. However, stock will show a bearish move below 10.9.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	7.43
Downside Target	7.82
Downside Target	9.59
Downside Target	10.26
Downside Target	10.62
Downside Target	11.33
Upside Target	11.75
Upside Target	12.03
Upside Target	12.36
Upside Target	12.85
Upside Target	14.50
Upside Target	15.16
Upside Target	19.56

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	11.18
Downside Intraday Target	11.02
Upside Intraday Target	11.64
Upside Intraday Target	11.94
Upside Intraday Target	11.48

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	11.33	11.79	11.79	11.33	0.041 times
12 Fri Apr 2024	12.03	12.80	12.85	12.03	0.336 times
05 Fri Apr 2024	12.24	10.09	12.24	9.59	8.391 times
28 Thu Mar 2024	10.62	11.75	11.75	10.62	0.771 times
22 Fri Mar 2024	12.36	15.16	15.16	12.36	0.15 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
18 Thu Apr 2024	11.33	10.09	12.85	9.59	0.611 times
28 Thu Mar 2024	10.62	14.00	19.56	10.62	0.593 times
29 Thu Feb 2024	14.00	10.20	14.50	9.92	3.38 times
31 Wed Jan 2024	9.73	7.82	9.73	7.43	1.728 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 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 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 short to mid 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 mid to longer 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.

ADX buy sell signal for Elango Indus stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Elango Indus in short term and the sell signal is strong.

Elango Indus Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elango Indus in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 11.96 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 is giving positive 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.