Swing to Positional Trade - EleconHi, Elecon Engg. is a good long term stock with current trade view For more details plz visit my Profile Don't forget to Boost/Like this idea Below are trade details LTP 1166 Buy dips till 1115 SL CLB 1070 Target 1300-1400 Rgds, Naresh G SEBI Registered RALongby NareshG_SEBI_REGISTERED_RAUpdated 7
ELECON ENGINEERING - Swing Trade Analysis - 21st April #stocksELECON ENGINEERING (1W TF) - Swing Trade Analysis given on 21st April, 2024 Pattern: ALL TIME HIGH BREAKOUT - Weekly Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress * Disclaimer #ELECONLongby TradeRyteStockzUpdated 2
Unlocking Potential: A Deep Dive into Elecon Engineering's ChartWelcome to today's analysis of NSE:ELECON , where we explore a compelling trading scenario fuelled by recent stock activities. 📊 The Breakout Story Elecon Engineering hit a record high in its previous Friday trading session, breaking past its former resistance with impressive volume. The surge was marked by a robust breakout candle, signalling strong buyer interest. Following this significant high, the stock opened the today with a sizeable gap up. Interestingly, the subsequent movement saw the stock retrace downwards on notably lower volumes. This behavior is typically indicative of a 'retest' of the breakout level. The retest scenario presents a potential buying opportunity at a specific demand zone identified on the 15-minute timeframe. This strategy focuses on the Rally-Base-Rally pattern, suggesting a tactical entry around 1130. 📈 Strategic Trade Setup Entry Point: The proposed entry is at the Rally-Base-Rally demand zone, calculated around the 1130 level. Stop Loss: A stop loss is advised at a 3% decrease from the entry point to limit potential downside. Profit Target: The initial target for taking profits is set at a 10% gain from the entry level, offering a risk-reward ratio of over 1:3. Management Strategy: To maximize gains, a trailing stop loss is recommended, which allows profits to run while safeguarding against sudden downturns. 📉 Recent Financial Highlights Elecon Engineering has recently announced its consolidated financial results for the quarter ending March 2024: Net Sales: Rs. 564.62 crore, a surge of 32.99% compared to Rs. 424.54 crore in March 2023. Net Profit: Rs. 103.65 crore, up 52.55% from Rs. 67.95 crore in the same quarter last year. EBITDA: Rs. 148.40 crore, reflecting a growth of 47.43% from Rs. 100.66 crore in March 2023. These financial metrics not only reflect a robust growth trajectory but also bolster the stock’s attractiveness in the eyes of potential investors and traders. Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 “Every day is a new opportunity to reach that goal.” 🌟 This analysis is purely for educational purposes and does not constitute a trading or investment recommendation. Please note that I am not a SEBI registered analyst.Longby AfnanTAjuddin18
ELECON ENGINEERING 🔵Stock has been moved from falling trendline and well sustained 🔵The stock is fundamentally good with CAGR 🔸Revenue growth 12.2% 🔸EBITDA Growth 34.1% 🔸PAT 38.3% 🔸Debt Free 🔵Target 1150-1500-2000Longby Arihantjain_0
Clean breakout on volumes Elecon Engineering has given a good cup and handle breakout on daily timeframe. Valuations seems reasonable with good growth guidance, and there can be an upward bias above 1100. Not an investment advice. Only for educational purpose. Longby Aayush_Rungta1
Keep eyes on ELCON looking good from here-momentum in rsi in lower time frame -ascending triangle pattern -volume low as of now -keep in radar Longby MarketikUpdated 7
consolidation breakout ELECON - tight consolidation at breakout level shows stock in accumulation potential trading opportunity in ELECON if it breaks out the tight consolidation. DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor.by Rajachandrasekaran1
ELECON Breakout and Create Inside Candle is Good Sign?see monthly chart stock create inside candle and give good breakout see weekly chart stock stock give resistance breakout after 3rd attempt with consolidation Longby ForceYT1
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 987 Next Resistance is at 1189 Support is at 767 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohli4
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 861 Next Resistance is at 987 Support is at 672 Here are previous charts: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohliUpdated 226
ELECON - Cup n Handle breakout - 25% upside potentialELECON has given cup n handle pattern breakout from 990 resistance levels. Target: 1100, 1270+ SL: Hourly candle close below 990Longby skandha19864
ELECONVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractionsLongby lokeshparihar226
Daily Bullish Flag Pattern BO in ELECON ENGGIntroduction: Elecon Engineering Company Ltd. was established in the year 1951 as The Pioneers in the manufacturing of Industrial Geared motors and Reducers, Material Handling Equipment, Mining equipment, casting processes etc. Elecon is one of the largest manufacturers of Industrial Gears in Asia and Material Handling Equipments. The expertise in the successful production of custom gearboxes for steel mills, high-speed turbines, naval aircraft carriers, and many growth sector industries is increased by Elecon's acquisition of Benzlers- Radicon Group from David Brown Gear Systems in 2010. A unit of Elecon Engineering Company Ltd. which is also the 3rd largest Material Handling solutions company in the country along with in-house design, manufacturing, fabrication, component manufacturing, and support system in a Vertically Integrated Model. First in India to manufacture sophisticated equipment for bulk Material Handling and a product range that caters to almost every Industrial sector in India. Analysis A Bullish Flag and Pole pattern is visible on the Daily chart of $NSE:ELECON.The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip near Rs. 936-956 levels with the stoploss of Rs. 885.15 on Daily closing basis for the following targets 970.15, 989.65,1012.35 1035.45 1060.10 1081.95 1101.85 and 1123.95 Risk Disclaimer: The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions. The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided. Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose. I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.Longby raigvivek2
Elecon cup & handle - 10 or 20 pcNice cup & handle breakout Can we expect 10 or 20 pc Good volumeLongby RajKA2
Clear breakout more upside momentum possibleThe current technical analysis suggests a clear breakout is imminent. Several key indicators, including moving averages, RSI, MACD, are signaling a strong bullish trend. Longby Marketik2
BREAKOUT ON ELECON 📌SWING TRADE FOR NEXT WEEK🚀 Hello guys, I am a swing trader by passion i only trade on swing stocks. 📌I post daily SWING CHARTS analysis on my trading view profile.. so let's start 📌TRADE ANALYSIS OF EELECON :- •Breakout of DARVVAS BOX on DTF with strong candle •Break counter trend line and hidden lines •Volume increases last few weeks high •Bullish trend/ make good structure also •Made good price action •Make higher highs/higher lows 📌 Add on your watchlist.... 📌 If you have any questions about any stock you can DM me Or comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips Longby UnknownUnicorn316348854
ELECON ENGG : QUICK 23% TO 50% GAIN IS READYElecon Eng. is ready for quick 24% gain in 2-3 month. For 12 month it should give 50%+ gain. Lets watch how it perform.by solotraveller073
outperforming engineering and industrial equipment companiesKeep the below-mentioned engineering and industrial equipment companies on your watchlist. 1. ELECON 2. KIRLOSENG 3. TEGA 4. SANGHVIMOV 5. ANUP 6. Balu Forge Industries Ltd. 7. SKIPPER 8. MAZDA 9. KIRLOSBROS Note: Always try to invest in outperforming sectors as well as stocks.Longby Usemerr1
Elecon swing trade Details are given in chart This is for education purpose only Longby rahulsharmasujan5
#Educational # Elecon Eng. - Looking Bullish.Elecon Eng. is looking very sting and out performing nify. One can buy for 600 to 700 rupees target. Stop Loss will be 450 and Entry could find near 480-500 levels.Longby deepakfirodiyaUpdated 1
"ELECON: Riding the Strong Uptrend with Confidence"Description: 📈 ELECON: Harnessing the Power of a Strong Uptrend! 🚀 Get ready to dive into an opportunity with ELECON, a stock that has exhibited remarkable strength as it surged from 16 to 1000 levels. Here's why this trade deserves your attention: Key Points: 📊 Entry Price (in Rupees): Consider entering the trade at Rs 730, positioning yourself for potential gains as ELECON continues its upward trajectory. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 632. This level serves as a crucial safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 1000, representing a substantial potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, aligning with your trading strategy and market conditions. 📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:1.62. For every unit of risk, there's a potential reward of 1.62 units, resulting in a risk-reward ratio of "1:1.62." 🚀 Trade Strategy: Stay confident as ELECON rides its strong uptrend. Maintain your stop loss intact and consider trailing it periodically to secure gains as the stock progresses. 📉 Good Correction from Highs: ELECON has experienced a healthy correction from its higher levels, potentially providing an attractive entry point. 📊 Trading on Support: The stock is currently trading on a supportive level, with today's daily candle indicating a potential bounce back. 💰 Favorable Risk to Reward: This trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while diligently managing risk. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the strength of ELECON's uptrend with confidence and seize the opportunity for potential gains. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐Longby We_Learn_Investing5
Elcon Engg: On Neck BO on WTFHi, AN on neck breakout pattern has been emerged on the Weekly charts of NSE:ELECON One can initiate a fresh long position at Rs. 799 or below with the SL of 724 on weekly closing basis for a targets of Rs. 874/949Longby raigvivekUpdated 116
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 767 Next Resistance is at 861 Support is at 608 Here are previous charts: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohliUpdated 2