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nikhilkashid1994
Nov 9, 2022 2:01 PM

ELECON ENGINEERING Long

ELECON ENGINEERINGNSE

Description

Stock Related Technical information mentioned in chart

Comment

Description for Chart-

-The Stock Breakout from the Stage 2 Consolidation Cup Base on higher volume
and trading in buying zone
-The Stock Price is above its 200 Dma
-The 200 DMA itself is in an uptrend
-The 150 (30 week) Moving average above th 200 DMA(40 WMA)
-The Stock Price is in clear Uptrend defined by higer highs and higher lows
-Short Term moving average(50 DMA) are above Long term MA
-Volume Spike on big up days and Big up Weeks
-Volume Contraction During normal Pullabacks
-Volume Spike on above average volume
Comments
Bravetotrade
Nice annotation on the chart.
Just as a tip, the site values a good description as much as it does a good chart so it is always a good idea to add a reasonable description to accompany your chart. Doesn't need to be long. Just a sentence or two describing what you are seeing on the chart. It will have two advantages. Firstly, new traders would be able to understand what you just mentioned on the chart and secondly, the system will be more likely to rank it higher.
Mod @Bravetotrade
nikhilkashid1994
@Bravetotrade Thanks Sir, will take care for next analysis it must be descriptive.
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