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TheUnlearningOne
Jun 22, 2022 4:41 PM

Elecon Engineering is looking strong during this correction Long

ELECON ENGINEERINGNSE

Description

After breakout above 210, the stock is in a consolidation zone, with price retracement along the 21 day EMA. Expect price to move up after crossing the 270 level.

Stock is in an uptrend and above key moving averages, with a strong relative strength and volume activity.

Always keep your stop-loss defined before you initiate a trade.

Note: This is a personal analysis of a scrip, not a buy/sell recommendation

Comment

Time to be cautious. Book profit. Stop loss is the key to save profit.
Comments
johntradingwick
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Chaser30
yes you can say this cup and handle but more precisely it was inverted head and shoulder because cup is smooth round lacking edges. Have a look
TheUnlearningOne
@Chaser30 yes, u can say that, also a VCP pattern too...
Frank_New
Was looking old mails... saw it today.... missed.. excellent analysis
TheUnlearningOne
@Frank_New, Thanks bro. Hope it was of help... :-)
bvenkatesh7605
Berry good
dhawal.joshi1
Excellent to the point analysis.
TheNewsCrypto
Good View
narsinghebs
verry good now is bay
kar222333
good analysis bro!!!
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