ELECON REVERSING TO BULL MOVEELECON reversed from down fall
W pattern BO
then a small consolidation happened
and again today breakout.
all breakouts with good bullish candle and good volume.
expect to reach ATH soon with minimal SL
ELECON trade ideas
swingChannel Breakout in this this closed at 707 in daily tf
I am looking for 900 now in this stock.
ELECON Approaching Key Resistance Around 720- Keep In Watchlist
The stock is testing a key resistance level near 720, with a potential breakout on the horizon. The price is trading above both the 100 EMA and 200 EMA, signaling continued bullish momentum.
Swing TradingIn this stocks price of a stock is following a channel iam expecting to to continue this channel. before continuation of this chanel i am expinting a closing above 703 On daily or weekly tf any one from both i will be ok with it very next day i am expecting 7,8% move in this stock
Verge of Breakout with Good Volumes NSE:ELECON is on the Verge of a breakout with good volumes today on a daily time frame respecting the rising channel and 100 EMA a close above 716 is crucial.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
ELECONELECON has given a breakout with increase market participation. Seems like it may start new journey from hereon..
Once-in-a-lifetime opportunity.The stock has taken support exactly from the daily trendline with good volumes. Now, it will go for a retest of the upper trendline. We expect it to break the 740 zone as the management has given strong guidance. Heavy delivery volumes have been seen in the last many trading sessions. Once the upmove starts, we might never see this price again.
Beautiful channel!!The third greatest wealth creator stock post-COVID. The stock has given 5400%+ returns since its COVID low of around 20 and has recently undergone a split. The stock is rising in a beautiful channel on the daily chart. A clear double bottom has formed, and the neckline has been retested. The blue bar is the support, and the red bar is the resistance. This is a must-have portfolio stock. The next stop should be around 850. This stock is headed back to the 1000+ levels.
Swing to Positional Trade - EleconHi,
Elecon Engg. is a good long term stock with current trade view
For more details plz visit my Profile
Don't forget to Boost/Like this idea
Below are trade details
LTP 1166
Buy dips till 1115
SL CLB 1070
Target 1300-1400
Rgds,
Naresh G
SEBI Registered RA
bearish wwelecon shows negative ww parttran with sl 1560 . as we cannt short sell so best entry point is 950 to 980
Elecon Engineering Company - Breakout Setup, Move is ON...#ELECON trading above Resistance of 1189
Next Resistance is at 1655
Support is at 987
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 987
Next Resistance is at 1189
Support is at 767
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ELECON at 1280. What say ?Order Book 9MFY24
The Co. holds total unexecuted orders above Rs. 791 crores as of Q3FY24. Order Intake during the period was worth Rs. 1438 Cr.
ELECON - SWING TRADEElecon has given fresh breakout with strong momentum. Rounding bottom chart pattern on weekly chart with good volume. targets are marked on chart. capital goods company are in strong momentum.
#nifty50 #roundingbottom
ELECON ENGINEERING - Swing Trade Analysis - 21st April #stocksELECON ENGINEERING (1W TF) - Swing Trade Analysis given on 21st April, 2024
Pattern: ALL TIME HIGH BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
#ELECON
Unlocking Potential: A Deep Dive into Elecon Engineering's ChartWelcome 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 buyer interest.
Following this significant high, the stock opened the today with a sizeable gap up. Interestingly, the subsequent movement saw the stock retrace downwards on notably lower volumes. This behavior is typically indicative of a 'retest' of the breakout level.
The retest scenario presents a potential buying opportunity at a specific demand zone identified on the 15-minute timeframe. This strategy focuses on the Rally-Base-Rally pattern, suggesting a tactical entry around 1130.
📈 Strategic Trade Setup
Entry Point: The proposed entry is at the Rally-Base-Rally demand zone, calculated around the 1130 level.
Stop Loss: A stop loss is advised at a 3% decrease from the entry point to limit potential downside.
Profit Target: The initial target for taking profits is set at a 10% gain from the entry level, offering a risk-reward ratio of over 1:3.
Management Strategy: To maximize gains, a trailing stop loss is recommended, which allows profits to run while safeguarding against sudden downturns.
📉 Recent Financial Highlights
Elecon Engineering has recently announced its consolidated financial results for the quarter ending March 2024:
Net Sales: Rs. 564.62 crore, a surge of 32.99% compared to Rs. 424.54 crore in March 2023.
Net Profit: Rs. 103.65 crore, up 52.55% from Rs. 67.95 crore in the same quarter last year.
EBITDA: Rs. 148.40 crore, reflecting a growth of 47.43% from Rs. 100.66 crore in March 2023.
These financial metrics not only reflect a robust growth trajectory but also bolster the stock’s attractiveness in the eyes of potential investors and traders.
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.
🌟 “Every day is a new opportunity to reach that goal.” 🌟
This analysis is purely for educational purposes and does not constitute a trading or investment recommendation. Please note that I am not a SEBI registered analyst.
ELECON ENGINEERING 🔵Stock has been moved from falling trendline and well sustained
🔵The stock is fundamentally good with CAGR
🔸Revenue growth 12.2%
🔸EBITDA Growth 34.1%
🔸PAT 38.3%
🔸Debt Free
🔵Target 1150-1500-2000
Clean breakout on volumes Elecon Engineering has given a good cup and handle breakout on daily timeframe.
Valuations seems reasonable with good growth guidance, and there can be an upward bias above 1100.
Not an investment advice. Only for educational purpose.
Keep eyes on ELCON looking good from here-momentum in rsi in lower time frame
-ascending triangle pattern
-volume low as of now
-keep in radar
consolidation breakout ELECON - tight consolidation at breakout level shows stock in accumulation potential trading opportunity in ELECON if it breaks out the tight consolidation.
DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor.
ELECON Breakout and Create Inside Candle is Good Sign?see monthly chart stock create inside candle and give good breakout
see weekly chart stock stock give resistance breakout after 3rd attempt with consolidation
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 861
Next Resistance is at 987
Support is at 672
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
