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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 2024-10-14 View latest technical analysis

10 day averaged volume of Elango Indus is 339

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	13.19	13.20	13.20	13.19	0.009 times
11 Fri Oct 2024	12.58	12.58	12.58	11.42	0.587 times
10 Thu Oct 2024	12.00	12.00	12.00	12.00	0.003 times
09 Wed Oct 2024	12.00	12.13	12.13	12.00	0.596 times
07 Mon Oct 2024	12.50	13.00	13.00	12.50	0.103 times
03 Thu Oct 2024	13.45	13.48	13.48	13.45	0.304 times
01 Tue Oct 2024	13.50	13.74	13.74	13.50	0.357 times
30 Mon Sep 2024	13.15	13.20	13.20	13.15	3.431 times
26 Thu Sep 2024	12.58	12.58	12.58	12.58	0.024 times
25 Wed Sep 2024	12.00	12.01	12.01	12.00	1.519 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, but if it comes below 13, then a intra day sell could be more profitable.
If you take a sell trade below 13, then use 13 as stoploss and 12.33 as target. However if you take a buy trade in stock , then use 13 as stoploss and 13.8 as target.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	9.12
Downside Target	10.13
Downside Target	10.90
Downside Target	11.42
Downside Target	11.78
Downside Target	12.58
Downside Target	13.00
Downside Target	13.19
Upside Target	13.20
Upside Target	13.35
Upside Target	13.74
Upside Target	14.29

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	13.19
Downside Intraday Target	13.18
Upside Intraday Target	13.2
Upside Intraday Target	13.2
Upside Intraday Target	13.19

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	13.19	13.20	13.20	13.19	0.007 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
20 Fri Sep 2024	11.44	12.09	12.67	11.44	1.223 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
14 Mon Oct 2024	13.19	13.74	13.74	11.42	0.087 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 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 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 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 BUY. Signal strength is Weak 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining 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 12.77 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.