akashbothra

Elecon Moving Up

Long
NSE:ELECON   ELECON ENGINEERING
Weekly Supertrend in the Green = Bullish
Daily William%R bouncing from oversold levels = Pullback done
Bouncing back from near 50% fibonacci levels = Bullish
Support taken at an old support and resistance area = Demand zone
More than 7 times the average volume = Bullish

Buy with a stop loss at Rs .59.50 for a target of Rs .70 and above

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