(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 2024-01-17 View latest technical analysis
10 day averaged volume of Elango Indus is 686
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 9.38 | 9.40 | 9.40 | 8.95 | 3.125 times |
| 16 Tue Jan 2024 | 9.40 | 9.40 | 9.40 | 8.69 | 1.787 times |
| 15 Mon Jan 2024 | 9.12 | 9.41 | 9.41 | 8.97 | 1.348 times |
| 11 Thu Jan 2024 | 8.97 | 8.97 | 8.97 | 8.97 | 0.627 times |
| 10 Wed Jan 2024 | 8.55 | 8.57 | 8.57 | 8.55 | 2.182 times |
| 09 Tue Jan 2024 | 8.19 | 7.81 | 8.20 | 7.81 | 0.265 times |
| 08 Mon Jan 2024 | 7.81 | 8.38 | 8.63 | 7.81 | 1.889 times |
| 05 Fri Jan 2024 | 8.22 | 8.22 | 8.22 | 8.22 | 0.017 times |
| 04 Thu Jan 2024 | 7.83 | 7.61 | 7.83 | 7.61 | 0.02 times |
| 03 Wed Jan 2024 | 7.46 | 7.44 | 7.47 | 7.44 | 1.032 times |
Stock of Elango Indus (ElangoIndus) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 9.5, for a target of 8.9 or 8.35
Share price targets for Elango Indus (ElangoIndus)
| Target Type | Value |
| Downside Target | 7.43 |
| Downside Target | 7.81 |
| Downside Target | 8.22 |
| Downside Target | 8.69 |
| Downside Target | 8.97 |
| Upside Target | 9.41 |
| Upside Target | 10.26 |
| Upside Target | 10.35 |
| Upside Target | 10.85 |
| Upside Target | 12.72 |
Intraday share price targets for Elango Indus (ElangoIndus)
| Target Type | Value |
| Downside Intraday Target | 8.91 |
| Downside Intraday Target | 8.44 |
| Upside Intraday Target | 9.63 |
| Upside Intraday Target | 9.88 |
| Downside Intraday Target | 9.16 |
Weekly technical analysis of Elango Indus (ElangoIndus)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 9.38 | 9.41 | 9.41 | 8.69 | 1.261 times |
| 11 Thu Jan 2024 | 8.97 | 8.38 | 8.97 | 7.81 | 1.61 times |
| 05 Fri Jan 2024 | 8.22 | 7.82 | 8.22 | 7.43 | 0.935 times |
| 29 Fri Dec 2023 | 7.82 | 8.29 | 8.29 | 7.82 | 0.272 times |
| 22 Fri Dec 2023 | 8.29 | 8.97 | 8.97 | 8.29 | 3.9 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 |
| 17 Wed Jan 2024 | 9.38 | 7.82 | 9.41 | 7.43 | 0.606 times |
| 29 Fri Dec 2023 | 7.82 | 9.90 | 10.26 | 7.82 | 0.694 times |
| 30 Thu Nov 2023 | 10.09 | 10.00 | 10.35 | 7.89 | 0.727 times |
| 31 Tue Oct 2023 | 9.65 | 9.30 | 10.85 | 8.74 | 0.782 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 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 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 but the buy signal is initial and weak.
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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Elango Indus in short term and BUY 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 8.75 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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 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 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 but the buy signal is initial and weak.
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 red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Elango Indus in short term and BUY 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 8.75 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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