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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 1182

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 10.23 10.23 10.23 10.23 0.009 times
07 Tue May 2024 10.43 10.43 10.43 10.43 0.041 times
06 Mon May 2024 10.64 10.64 10.64 10.64 0.001 times
03 Fri May 2024 10.85 10.86 10.86 10.44 0.969 times
02 Thu May 2024 10.65 10.68 10.68 10.30 0.277 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.3, but if it comes above 10.3, then a intra day buy could be more profitable.
If you take a sell trade below 10.3, then use 10.3 as stoploss and 9.4 as target. However if you take a buy trade in stock , then use 10.3 as stoploss and 11.09 as target.

Share price targets for Elango Indus (ElangoIndus)

Target Type Value
Downside Target 7.43
Downside Target 9.59
Upside Target 10.62
Upside Target 10.86
Upside Target 10.89
Upside Target 11.11
Upside Target 11.79
Upside Target 12.03
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 10.09
Downside Intraday Target 9.96
Upside Intraday Target 10.5
Upside Intraday Target 10.78
Upside Intraday Target 10.37

Weekly technical analysis of Elango Indus (ElangoIndus)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 10.23 10.64 10.64 10.23 0.009 times
03 Fri May 2024 10.85 10.48 10.86 10.10 1.3 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

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
08 Wed May 2024 10.23 10.68 10.86 10.23 0.034 times
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

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 18, 48, 45 Sell
MACD -1, -1Buy
Stochastics 43None
CCI -126Sell
RSI 61Buy
OBV 8391Sell
VWAP 10Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Elango Indus ( (ElangoIndus) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 BUY signal for Elango Indus in short term but the buy signal is initial and weak.

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. Bears 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 coming down

CCI has generated a SELL signal for Elango Indus in short term and SELL 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

Stock of Elango Indus is picking up buying 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 below this level. This means that stock is falling with high volumes. 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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