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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 144

Date Daily Closing Price Open High Low Volume
07 Fri May 2021 3.26 3.26 3.26 3.26 1.396 times
06 Thu May 2021 3.11 3.11 3.11 3.11 1.326 times
05 Wed May 2021 2.97 2.97 2.97 2.97 1.389 times
04 Tue May 2021 2.83 2.83 2.83 2.83 2.083 times
30 Fri Apr 2021 2.70 2.70 2.70 2.70 0.118 times
28 Wed Apr 2021 2.69 2.69 2.69 2.69 1.743 times
26 Mon Apr 2021 2.57 2.55 2.57 2.55 0.389 times
23 Fri Apr 2021 2.54 2.54 2.54 2.54 0.042 times
22 Thu Apr 2021 2.42 2.42 2.42 2.42 0.66 times
19 Mon Apr 2021 2.31 2.31 2.31 2.31 0.014 times

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 3.2, for a target of 2.8 or 2.48

Share price targets for Elango Indus (ElangoIndus)

Target Type Value
Downside Target 2.00
Downside Target 2.10
Downside Target 2.20
Downside Target 2.25
Downside Target 2.30
Downside Target 2.54
Downside Target 2.70
Downside Target 2.71
Downside Target 2.83
Downside Target 3.26

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type Value
Downside Intraday Target 2.97
Downside Intraday Target 2.69
Upside Intraday Target 3.4
Upside Intraday Target 3.55
Downside Intraday Target 3.12

Weekly technical analysis of Elango Indus (ElangoIndus)

Date Weekly Closing Price Open High Low Volume
07 Fri May 2021 3.26 2.83 3.26 2.83 2.753 times
30 Fri Apr 2021 2.70 2.55 2.70 2.55 3.146 times
23 Fri Apr 2021 2.54 2.31 2.54 2.31 0.264 times
16 Fri Apr 2021 2.20 2.25 2.25 2.10 1.579 times
09 Fri Apr 2021 2.20 2.30 2.30 2.20 0.744 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elango Indus (ElangoIndus)

Date Monthly Closing Price Open High Low Volume
07 Fri May 2021 3.26 2.83 3.26 2.83 0.926 times
30 Fri Apr 2021 2.70 2.24 2.70 2.10 0.21 times
30 Tue Mar 2021 2.25 2.59 2.59 2.20 0.649 times
26 Fri Feb 2021 2.59 2.10 2.71 2.00 1.569 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)

Indicator Name Indicator Value Indicator Signal
ADX 100, 45, 38 Buy
MACD 0, 0Buy
Stochastics 100Buy
CCI 143Buy
RSI 55Buy
OBV 1199Sell
VWAP 3Buy
ADL 0Sell
ROC 48Buy
Force Index 0Sell

Price action analysis of Elango Indus ( (ElangoIndus) ) based on a short term time period is

Price action analysis of Elango Indus ( (ElangoIndus) ) based on a short term time period is

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 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 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 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 2.89 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.

Click here for Elango Indus charts

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Daily charts

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Daily chart
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