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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 2024-12-23 View latest technical analysis

10 day averaged volume of Elango Indus is 1089

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	12.54	13.00	13.00	12.54	0.06 times
19 Thu Dec 2024	13.20	13.20	13.20	13.20	0.027 times
18 Wed Dec 2024	13.20	13.25	13.25	13.20	3.121 times
17 Tue Dec 2024	13.25	13.25	13.93	13.25	4.342 times
16 Mon Dec 2024	13.94	14.08	14.08	12.77	0.149 times
13 Fri Dec 2024	13.43	13.44	13.44	13.43	0.105 times
12 Thu Dec 2024	13.44	12.85	13.45	12.85	0.06 times
11 Wed Dec 2024	13.48	12.30	13.48	12.30	1.102 times
10 Tue Dec 2024	12.94	12.96	12.96	11.75	0.067 times
09 Mon Dec 2024	12.35	12.35	12.35	12.35	0.761 times

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 12.3 as stoploss in an intra day buy trade for a target of 12.9. However, stock will show a bearish move below 12.3.

Share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Target	10.62
Downside Target	10.90
Downside Target	11.29
Downside Target	11.75
Downside Target	12.35
Upside Target	13.35
Upside Target	13.48
Upside Target	13.69
Upside Target	13.73
Upside Target	13.82
Upside Target	14.08

Intraday share price targets for Elango Indus (ElangoIndus)

Target Type	Value
Downside Intraday Target	12.39
Downside Intraday Target	12.23
Upside Intraday Target	12.85
Upside Intraday Target	13.15
Upside Intraday Target	12.69

Weekly technical analysis of Elango Indus (ElangoIndus)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	12.54	13.00	13.00	12.54	0.008 times
19 Thu Dec 2024	13.20	14.08	14.08	12.77	3.647 times
13 Fri Dec 2024	13.43	12.35	13.48	11.75	0.836 times
06 Fri Dec 2024	13.00	12.99	13.73	12.35	1.653 times
29 Fri Nov 2024	12.99	11.93	13.05	11.34	0.601 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
23 Mon Dec 2024	12.54	12.99	14.08	11.75	1.032 times
29 Fri Nov 2024	12.99	13.05	13.69	11.29	1.411 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

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 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 to mid 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Elango Indus in short term but the sell 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. Bulls are getting tired and bears are picking up momentum.

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 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 13.2 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.