Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-08 View latest technical analysis

10 day averaged volume of Elango Indus is 661

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	11.32	12.47	12.47	11.29	3.153 times
07 Thu Nov 2024	11.88	11.88	11.88	11.88	2.321 times
06 Wed Nov 2024	12.50	12.83	12.83	12.19	0.271 times
05 Tue Nov 2024	12.83	13.50	13.50	12.83	0.059 times
04 Mon Nov 2024	13.50	13.05	13.69	13.05	1.171 times
31 Thu Oct 2024	13.05	13.65	13.65	13.05	0.298 times
30 Wed Oct 2024	13.05	13.05	13.05	13.05	0.079 times
29 Tue Oct 2024	12.48	12.48	12.48	12.48	0.008 times
28 Mon Oct 2024	12.48	11.57	12.48	11.57	1.815 times
25 Fri Oct 2024	11.92	11.92	11.92	11.92	3.731 times

Stock of Elango Indus (ElangoIndus) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.4, but if it comes above 11.4, then a intra day buy could be more profitable.
If you take a sell trade below 11.4, then use 11.4 as stoploss and 10.4 as target. However if you take a buy trade in stock , then use 11.4 as stoploss and 12.28 as target.

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
Upside Target	13.00
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	10.51
Downside Intraday Target	9.7
Upside Intraday Target	12.91
Upside Intraday Target	14.5
Upside Intraday Target	12.1

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
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
11 Fri Oct 2024	12.58	13.00	13.00	11.42	0.315 times

Price has moved down 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
08 Fri Nov 2024	11.32	13.05	13.69	11.29	0.501 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 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 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 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 green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 12.04 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.