ELIN ELECTRONICS
Updated
- The stock has seen a downtrend since its listing.
- Prices have shown first signs of strength & trend change by moving past near term highs of 142 with decent volumes.
- Initial resistance is expected near 180 where there is a Daily Gap area.
- Since there is not enough history, position size should be kept low.
- Bullish outlook remains valid as long as price sustains 140.
Trade closed: target reached
Stock is now testing the Gap area resistance, which was mentioned as the Target.
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