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(ELIN) Elin Electronics complete technical analysis [charts+indicators] | Buy/Sell Elin Electronics | (ELIN) share price targets

Complete technical analysis of Elin Electronics (ELIN) by charts plus indicators, forecast predictions and share price targets for Elin Electronics (ELIN)

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Elin Electronics is 134211

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	162.00	159.40	170.60	157.00	10.632 times
30 Thu May 2024	156.25	155.85	159.85	153.10	2.433 times
29 Wed May 2024	153.75	153.95	157.55	153.00	1.116 times
28 Tue May 2024	153.95	155.85	156.85	153.25	0.504 times
27 Mon May 2024	154.75	158.00	159.35	154.05	0.923 times
24 Fri May 2024	157.65	160.70	163.85	156.70	1.02 times
23 Thu May 2024	159.90	160.75	166.10	159.00	1.112 times
22 Wed May 2024	159.95	161.60	161.75	158.15	0.921 times
21 Tue May 2024	160.75	166.40	167.20	160.10	0.62 times
18 Sat May 2024	166.40	168.95	168.95	163.00	0.272 times

Stock of Elin Electronics (ELIN) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 162.3 as stoploss in an intra day sell trade for a target of 159.13. However, stock will show a bullish move above 162.3.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	129.30
Downside Target	136.20
Downside Target	144.50
Downside Target	147.50
Downside Target	153.00
Upside Target	165.00
Upside Target	168.85
Upside Target	168.95
Upside Target	170.60
Upside Target	171.00
Upside Target	177.50
Upside Target	178.50

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	153.13
Downside Intraday Target	144.27
Upside Intraday Target	170.73
Upside Intraday Target	179.47
Downside Intraday Target	161.87

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	162.00	158.00	170.60	153.00	4.25 times
24 Fri May 2024	157.65	166.40	167.20	156.70	0.906 times
18 Sat May 2024	166.40	158.95	168.95	153.00	0.999 times
10 Fri May 2024	158.15	165.55	168.50	155.90	0.819 times
03 Fri May 2024	168.50	167.35	171.00	165.00	0.362 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 Elin Electronics (ELIN)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	162.00	167.70	171.00	153.00	0.474 times
30 Tue Apr 2024	166.60	136.90	177.50	136.20	2.298 times
28 Thu Mar 2024	133.25	154.60	158.95	129.30	0.773 times
29 Thu Feb 2024	154.60	161.85	168.85	144.50	0.5 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 Elin Electronics (ELIN)

Price action analysis of Elin Electronics ( (ELIN) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elin Electronics ( (ELIN) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Elin Electronics ( (ELIN) ) 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 Elin Electronics stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Elin Electronics in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elin Electronics 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elin Electronics 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elin Electronics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 159.84 and Elin Electronics (ELIN) 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 Elin Electronics (ELIN) stock. Volume based technical analysis of Elin Electronics (ELIN) stock is negative.

Elin Electronics 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.