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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 2024-06-03 View latest technical analysis

10 day averaged volume of Elin Electronics is 262405

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	162.45	170.00	170.80	160.40	1.418 times
31 Fri May 2024	162.00	159.40	170.60	157.00	5.438 times
30 Thu May 2024	156.25	155.85	159.85	153.10	1.244 times
29 Wed May 2024	153.75	153.95	157.55	153.00	0.571 times
28 Tue May 2024	153.95	155.85	156.85	153.25	0.258 times
27 Mon May 2024	154.75	158.00	159.35	154.05	0.472 times
24 Fri May 2024	157.65	160.70	163.85	156.70	0.522 times
23 Thu May 2024	159.90	160.75	166.10	159.00	0.569 times
22 Wed May 2024	159.95	161.60	161.75	158.15	0.471 times
21 Tue May 2024	160.75	166.40	167.20	160.10	0.317 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 162.3, but if it comes below 162.3, then a intra day sell could be more profitable.
If you take a sell trade below 162.3, then use 162.3 as stoploss and 159.1 as target. However if you take a buy trade in stock , then use 162.3 as stoploss and 166.1 as target.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	129.30
Downside Target	136.20
Downside Target	144.50
Downside Target	153.00
Upside Target	167.20
Upside Target	168.85
Upside Target	168.95
Upside Target	170.60
Upside Target	170.80
Upside Target	171.00
Upside Target	177.50

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	158.3
Downside Intraday Target	154.15
Upside Intraday Target	168.7
Upside Intraday Target	174.95
Upside Intraday Target	164.55

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	162.45	170.00	170.80	160.40	0.178 times
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

Price has moved up 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 Elin Electronics (ELIN)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	162.45	170.00	170.80	160.40	0.093 times
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

Scroll below to view daily charts

Price has moved up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Elin Electronics in short term and the buy signal is strong.

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

Elin Electronics 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 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 but buying is losing 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 160.09 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.