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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 2024-11-11 View latest technical analysis

10 day averaged volume of Elango Indus is 853

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	11.88	11.88	11.88	11.88	0.249 times
08 Fri Nov 2024	11.32	12.47	12.47	11.29	2.443 times
07 Thu Nov 2024	11.88	11.88	11.88	11.88	1.798 times
06 Wed Nov 2024	12.50	12.83	12.83	12.19	0.21 times
05 Tue Nov 2024	12.83	13.50	13.50	12.83	0.046 times
04 Mon Nov 2024	13.50	13.05	13.69	13.05	0.907 times
31 Thu Oct 2024	13.05	13.65	13.65	13.05	0.231 times
30 Wed Oct 2024	13.05	13.05	13.05	13.05	0.061 times
29 Tue Oct 2024	12.48	12.48	12.48	12.48	0.006 times
28 Mon Oct 2024	12.48	11.57	12.48	11.57	1.407 times

My analysis of stock is bearish for shortterm, and stock might move down till 11.4 or till 10.3. Use a stoploss of 12.24 and if the stock hits stoploss, then it can shoot up till 13.11

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	10.13
Downside Target	10.62
Downside Target	10.90
Downside Target	11.29
Downside Target	11.57
Upside Target	13.16
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	11.88
Downside Intraday Target	11.88
Downside Intraday Target	11.88
Downside Intraday Target	11.88
Downside Intraday Target	11.88

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	11.88	11.88	11.88	11.88	0.046 times
08 Fri Nov 2024	11.32	13.05	13.69	11.29	3.171 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

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
11 Mon Nov 2024	11.88	13.05	13.69	11.29	0.524 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 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 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elango Indus in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 12.08 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 has given negative 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.