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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 2024-08-05 View latest technical analysis

10 day averaged volume of Elin Electronics is 271232

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	190.83	197.00	202.79	189.02	1.023 times
02 Fri Aug 2024	204.79	203.00	210.00	201.10	1.475 times
01 Thu Aug 2024	207.06	200.72	209.75	199.00	2.561 times
31 Wed Jul 2024	199.74	195.49	203.00	193.97	1.048 times
30 Tue Jul 2024	193.96	199.77	199.77	193.00	0.379 times
29 Mon Jul 2024	197.79	197.00	202.81	195.32	0.579 times
26 Fri Jul 2024	195.94	196.38	201.80	195.30	0.448 times
25 Thu Jul 2024	196.38	197.49	199.71	194.39	0.598 times
24 Wed Jul 2024	197.15	186.75	199.79	186.52	0.883 times
23 Tue Jul 2024	187.14	193.80	194.79	177.00	0.989 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 192.2, but if it comes above 192.2, then a intra day buy could be more profitable.
If you take a sell trade below 192.2, then use 192.2 as stoploss and 184.1 as target. However if you take a buy trade in stock , then use 192.2 as stoploss and 198.97 as target.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	136.20
Downside Target	145.15
Downside Target	153.00
Downside Target	171.00
Downside Target	177.00
Downside Target	185.25
Downside Target	189.02
Upside Target	193.00
Upside Target	197.35
Upside Target	201.80
Upside Target	210.00
Upside Target	211.10
Upside Target	218.95
Upside Target	221.80

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	185.64
Downside Intraday Target	180.44
Upside Intraday Target	199.41
Upside Intraday Target	207.98
Upside Intraday Target	194.21

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	190.83	197.00	202.79	189.02	0.169 times
02 Fri Aug 2024	204.79	197.00	210.00	193.00	1.526 times
26 Fri Jul 2024	195.94	184.00	201.80	177.00	1.011 times
19 Fri Jul 2024	186.71	210.99	211.10	185.25	0.576 times
12 Fri Jul 2024	206.82	205.30	218.95	197.35	0.958 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 Elin Electronics (ELIN)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	190.83	200.72	210.00	189.02	0.213 times
31 Wed Jul 2024	199.74	208.99	218.95	177.00	0.419 times
28 Fri Jun 2024	207.55	170.00	221.80	145.15	3.853 times
31 Fri May 2024	162.00	167.70	171.00	153.00	0.474 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 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 Elin Electronics ( (ELIN) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

Elin Electronics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Elin Electronics 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 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 199.27 and Elin Electronics (ELIN) 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 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.