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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 1097

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 10.48 10.10 10.48 10.10 3.029 times
29 Mon Apr 2024 10.28 10.48 10.48 10.28 1.747 times
26 Fri Apr 2024 10.48 10.28 10.48 10.28 3.229 times
25 Thu Apr 2024 10.28 10.48 10.48 10.28 0.897 times
24 Wed Apr 2024 10.48 10.48 10.48 10.48 0.471 times

Stock of Elango Indus (ElangoIndus) has showed a significant upmove. This could be a good time to enter in this stock!

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 10.4 as stoploss in an intra day buy trade for a target of 11.23. However, stock will show a bearish move below 10.4.

Share price targets for Elango Indus (ElangoIndus)

Target Type Value
Downside Target 7.43
Downside Target 7.82
Downside Target 9.59
Upside Target 10.89
Upside Target 11.11
Upside Target 11.79
Upside Target 12.03
Upside Target 12.24
Upside Target 12.85
Upside Target 14.50
Upside Target 19.56

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type Value
Downside Intraday Target 10.23
Downside Intraday Target 9.97
Upside Intraday Target 10.61
Upside Intraday Target 10.73
Downside Intraday Target 10.35

Weekly technical analysis of Elango Indus (ElangoIndus)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 10.48 10.48 10.48 10.10 1.015 times
26 Fri Apr 2024 10.48 10.89 10.89 10.28 7.704 times
19 Fri Apr 2024 11.11 11.79 11.79 11.11 0.079 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

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
30 Tue Apr 2024 10.48 10.09 12.85 9.59 0.802 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 19, 58, 50 Sell
MACD -1, -1Sell
Stochastics 12Sell
CCI -70Buy
RSI 62Buy
OBV 27528Sell
VWAP 10Buy
ADL 0Sell
ROC -11Sell
Force Index 0Sell

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 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 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.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 10.47 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 falling down

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 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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