Stock Name - Elecon Engineering Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 440
#This is not Buy and Sell recommendation to any one. This is...
#Elecon crossed previous ATH near 350 strongly and now CMP is 417 . EPS growth and Sales growth is on the card.
Seems big money moving in. Can be added for 30/50% upside in midterm.
After making a high of 415, the stock has shown weakness.
Currently, I can see formation of bearish flag pattern, which is a continuation pattern. Can expect further correction in the stock price.
Another important thing to note is that the stock price is below the 50 day moving average. For any positive up-move, will wait for the price to move above the 50 day...
#ELECON gave an entry at 230.30 on breakout.
Has moved from 230.30 to 415.60 levels.
It is now trading above Resistance 2 of 368.
Next Resistance 3 is at 428.
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...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
Bullish flag breakout, opportunity to earn good RRR
CMP: ~ 374.30 (Buy @ ~377.50)
SL: ~ 338
Target: ~479 | ~569 | ~715
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
14 Years #Multiyear #Breakout in #ELECON (Elecon Engineering Company Ltd). Its #Outperformed #Nifty.
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This...
Elecon Engineering breakout with high volume in weekly chart. This stock is also forms head and shoulder pattern and it also shows strong in bear market also .
Ps:I am not sebi registered this post is only education purpose only
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...
