CUP& HANDLE BO DONE Buy ELCON with strict SL@190 TGT-220++
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...
#Elecon Target, if crosses the below resistance. Results will confirm either side. However, RSI indicates RISE. So look for a target of 260.
ELECON ENGG Stock give good resistance breakout and retracing and holding levels Good to buy at CMP or add more above 190 levels for short term targets of 205-208-210 levels In case of Gap-Up and Gap-down avoid setup ---- Note: Above levels are for education purposes only Do your own analysis before taking any trade Please Like & Follow
The stock had given a W-pattern breakout and now is testing a strong support/resistance zone. Buy above 186.85 level (day closing basis) for positional target of 208. Learn & Earn, Dr. Tanya Kumar
ELECON ENGINEERING as per daily chart analysis stock Above 153 for a Target 161. Resistance at 162. Wishing you all a Happy Trading.
After taking support at 200 EMA and 20/50 EMA , Elecon is poised for breakout to breach its previous high supported by strong MACD pullback and ADX . Likely to see 217-222 in short-term
Educational idea Elecon looking good for target of 220 buying range-180-190 sl-165
ELECON ENGINERRING as per daily chart analysis has formed a Ascending Triangle Pattern and once the stock breaks above 210 level then target 215 is achievable.
Posted 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
Looking 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% CMP : 188 (Dip : 185) SL : 173 Target : 210, 220 1:3 risk reward setup
1. Box Breakout 2. Volume pickup 3. All time high Simple enough criteria!
Since ELECON has given a good breakout on daily time frame with a nice volume candle, it can be considered for buying.
Elecon 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.
Disclaimer: 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 zone moving above 50 avg and 10 avg
Elecon Engineering as per daily chart analysis above 190 level is a breakout and target is 200 level