ELECON Enginerring Daily Chart Analysis 25/11/2021Posted On 22/11/2021 ELECON ENGINEERING as per daily chart analysis ABOVE 195 Level with Target 200 Level and Today the stock had closed at 212 Level. Happy Trading To All
ELECON trade ideas
The Power of break and retest strategyLooking at the chart of Elecon Engineering watch closely as how price breaks its previous resistance and and then retest on the same level which becomes a strong support.
A powerful strategy to add to traders arsenal with a good risk to reward ratio.
ELECON | Channel breakout and retesting - Potential for 20%ELECON | Channel breakout and retesting - Potential for 20%
CMP : 188 (Dip : 185)
SL : 173
Target : 210, 220
1:3 risk reward setup
ELECON ENGINEERING - Positional Long1. Box Breakout
2. Volume pickup
3. All time high
Simple enough criteria!
Right time to Buy ELECONSince ELECON has given a good breakout on daily time frame with a nice volume candle, it can be considered for buying.
ELECON Enginerring Daily Chart Analysis 22/11/2021Elecon enginerring today has broken the resistance above 190 level and target 200 level and i have entered the stock on my own analysis. Happy Trading to all.
EleconDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Elecon engineering breakout out of consolidation zoneElecon engineering breakout out of consolidation zone moving above 50 avg and 10 avg
ELECON ENGINERRING Daily chart analysisElecon Engineering as per daily chart analysis above 190 level is a breakout and target is 200 level
Elecon about to cross the upper channelDetailed analysis given on the chart
Elecon about to cross the upper channel
NSE:ELECON
Elecon Engineering Multiyear Breakout ; Cup without an Handle :DElecon Engineering broke out of a strong resistance in monthly time frame and inching towards a 1st Target of 220~ and Final target of 320 ; Can go long with SL @ 135. Resistance Seen at 182 in daily chart should be monitored.
ELECON Bullish trendELECON
1. rising wedge pattern price travel
2. small consolidition breakout done
3. expect target
Elecon Engineering Cmp 162 dated 13.8.2021Elecon Engineering Cmp 162 dated 13.8.2021
1. Channel BO @ 165.
Buy for a tgt of 200 SL 150
It is just a view, pls trade at your ownrisk.
Elecon Engineering Ltd.- Ascending Triangle Flag on Daily ChartBreakout Candle: Daily candle dated 13th August 2021
Breakout Candle Close: 161.90
Anticipated Price Target: 200
Suggested Stop Loss on daily closing basis: 155 (for the first 4 daily candles starting from 12th August 2021). Thereafter the book the profit/ exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
RR Ratio: 1:5
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
Elecon Engg - Channel Breakout post good resultsBUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
At 2018 high. Breaking box. High monthly volume. Huge monthly volumes from past one year.
1st target 114
2nd tgt 120
Not to forget results are due tomorrow. That is on 27/05/2021.
These are just technical targets. Not fundamental.
Buy ELECONAccording to 1day chart analysis it's create a rounding bottom pattern and break previous high.
We cab buy if rounding bottom pattern neck line break with increasing volume.
Buy @145 or above
Target : 150-160 ++
