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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.
NSE:ELECONLong
by raigvivek
PAISALO daily looking bullishPAISALO daily has flag and pole breakout/trendline breakout with 200 ema support on daily candle. Good to buy at 64 with sl of 60 for target of 77. ********************************************************** This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:PAISALO
by pranjalitigade
MARICO MARICO :- On the daily time frame, the stock has tried to give a breakout by hitting the multiple time resistance, if we get a breakout, we may see an upside moment. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MARICOLong
by AjayDhakad_Keep_it_simple
UFLEX Daily looking bullishUFLEX daily looking bullish, it has trendline breakout with 200 ema support on daily candle. Good to buy at 478 for target of 688 with sl below 387 ****************************8 This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:UFLEX
by pranjalitigade
TAKE Daily looking bullishTAKE Daily looking bullish, it has trendline breakout/ inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 23.60 for target of 38.20 with sl below 18.25 ************************8 This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:TAKELong
by pranjalitigade
3
JUBILANT INGREVIA daily looking bullishJUBILANT INGREVIA daily looking bullish. It has trendline breakout with 200 ema support on daily candle. Good to buy at 487 for target of 593 with sl below 443 ******************************************** This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:JUBLINGREALong
by pranjalitigade
8
BTCUSDT DAILY TFAs you see market is filling DAILY POI I already drawn on 15Jun23 @25755.67 That POI worked as a magnet! and we can see price mitigates there price started to fall -14.79% And now price will fill imbalance which is @23986.92 to @20687.13 PLUS there is a another POI for long side! price will bounce there too. After that we can expect a New High on BTCUSDT a breakout @32399 that's a previous high on 31May22 OR . . . If price gives us a breakdown on that POI @20367.48 then price will move towards WEEKLY POI {SKY BLUE} @16812.95 in my opinion that's a strong POI from 21Nov22 is there and not mitigated once! That means BTC is FILLING FUEL we can see a BULL RUN! THOSE WHOEVER READING THIS COMMENT YOUR THOUGHT SMC
Long
by VIJETEJBHIMRAOTAMBARE
2
SBIN Daily looking bullishSBIN daily looking bullish, taking support from 200 ema, last swing low support. Good to buy at 567 for target of 621 with sl below 554 ************************* This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:SBINLong
by pranjalitigade
TEXMOPIPE Daily looking bullishTEXMOPIPE Daily has trendline breakout with 200 ema support on daily candle. Good to buy at 72 for target of 100 with sl below 63. ************************ This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:TEXMOPIPESLong
by pranjalitigade
NECLIFE Daily looking bullishNECLIFE Daily has trendline breakout, 200 ema support on daily candle. It has broken the zone. Good to buy at 27.70 for target of 39 with sl below 22.90 ************************************ This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:NECLIFELong
by pranjalitigade
ONMOBILE Daily looking bullishONMOBILE Daily looking bullish. It has trendline breakout with 200 ema support on daily candle. Good to buy at 97.90 for target of 138 with sl below 72.30 *************************** This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:ONMOBILELong
by pranjalitigade
ZEE MEDIA Daily looking bullishZEE MEDIA Daily looking bullish, it has trendline breakout with 200 ema support on daily candle. Looks like inverted head n shoulder breakout. Good to buy at 12 with sl of 10.50 for target of 17 ********************************* This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:ZEEMEDIALong
by pranjalitigade
JUBLFOODS daily looking bullishJUBLFOODS Daily has breakout of long term trendline with 200 ema support on daily candle, friday candle is very good bullish candle. Good to buy at 523 for targets of 653,807,916 with sl below 485 ******************** This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:JUBLFOODLong
by pranjalitigade