Welcome 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...
Daily Timeframe
Stock in an Uptrend.
Retracing back to the Daily RBR level of around 29.2.
Looks a good opportunity to go long on a retracement to the Demand Zone.
BSE:TGVSL Looks good for an uptrend!
It seems like a potential trend reversal in this stock, possibly in the context of technical analysis.
Here's a breakdown of the key elements:
Price Reaching a Bottom: This suggests that the stock price has been in a downtrend for a period, and it has recently stopped declining or slowed down significantly.
Signs of...