ELIN was at an All-Time High (ATH) in Sept 2024, ever since it has been in a downtrend till Mar 2025. The stock has been on a bullish reversal since then and has broken out of a major angular resistance trendline after several attempts. Last week, it also BrokeOut of a major horizontal resistance zone. The stock surged by 15.19% with above-average volume. The Short-term EMAs are still in a Positive Cross-over state, signaling a bullish trend.
If the stock is able to sustain the uptrend during the coming week, then it may reach 235 levels & thereafter target new ATH. On the downside, it may reach 165 levels considering some profit booking.
Price-action is to be monitored!!!
If the stock is able to sustain the uptrend during the coming week, then it may reach 235 levels & thereafter target new ATH. On the downside, it may reach 165 levels considering some profit booking.
Price-action is to be monitored!!!
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.