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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 2024-11-06 View latest technical analysis

10 day averaged volume of Elin Electronics is 116355

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	231.35	222.94	239.37	221.61	2.626 times
05 Tue Nov 2024	221.23	218.70	223.95	215.38	0.984 times
04 Mon Nov 2024	218.83	223.93	224.69	214.02	0.815 times
01 Fri Nov 2024	223.93	217.10	226.50	217.10	0.443 times
31 Thu Oct 2024	216.22	220.00	220.99	214.10	0.408 times
30 Wed Oct 2024	218.70	206.00	221.00	206.00	1.201 times
29 Tue Oct 2024	207.57	206.89	211.00	205.00	0.641 times
28 Mon Oct 2024	206.89	202.60	208.81	198.41	0.753 times
25 Fri Oct 2024	202.57	209.00	211.48	200.00	1.366 times
24 Thu Oct 2024	209.18	212.00	218.00	206.90	1.638 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 trade for tomorrow is selective. Take a BUY trade only if stock stays above 229.8, but if it comes below 229.8, then a intra day sell could be more profitable.
If you take a sell trade below 229.8, then use 229.8 as stoploss and 219.97 as target. However if you take a buy trade in stock , then use 229.8 as stoploss and 241.6 as target.

Share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Target	177.00
Downside Target	188.62
Downside Target	198.41
Downside Target	213.67
Downside Target	225.94
Upside Target	237.00
Upside Target	239.37
Upside Target	240.00
Upside Target	244.60
Upside Target	262.50
Upside Target	282.00

Intraday share price targets for Elin Electronics (ELIN)

Target Type	Value
Downside Intraday Target	217.12
Downside Intraday Target	202.9
Upside Intraday Target	242.47
Upside Intraday Target	253.6
Downside Intraday Target	228.25

Weekly technical analysis of Elin Electronics (ELIN)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	231.35	223.93	239.37	214.02	1.284 times
01 Fri Nov 2024	223.93	202.60	226.50	198.41	0.392 times
25 Fri Oct 2024	202.57	220.80	225.94	200.00	1.258 times
18 Fri Oct 2024	219.32	235.40	237.00	216.47	0.54 times
11 Fri Oct 2024	237.36	228.95	240.00	213.67	1.328 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
06 Wed Nov 2024	231.35	217.10	239.37	214.02	0.124 times
31 Thu Oct 2024	216.22	232.65	244.60	198.41	0.311 times
30 Mon Sep 2024	233.32	239.60	282.00	230.85	0.744 times
30 Fri Aug 2024	238.15	200.72	262.50	188.62	3.062 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 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.

Price action analysis of Elin Electronics ( (ELIN) ) based on a short to mid 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 but the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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 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 217.18 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 is giving positive 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.