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...
Hi,
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
ELECON 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
🔵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
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.
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...
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 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...
#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...
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
Introduction:
Elecon Engineering Company Ltd. was established in the year 1951 as The Pioneers in the manufacturing of Industrial Geared motors and Reducers, Material Handling Equipment, Mining equipment, casting processes etc. Elecon is one of the largest manufacturers of Industrial Gears in Asia and Material Handling Equipments.
...
The current technical analysis suggests a clear breakout is imminent. Several key indicators, including moving averages, RSI, MACD, are signaling a strong bullish trend.
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF EELECON :-
•Breakout of DARVVAS BOX on DTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish...
Keep the below-mentioned engineering and industrial equipment companies on your watchlist.
1. ELECON
2. KIRLOSENG
3. TEGA
4. SANGHVIMOV
5. ANUP
6. Balu Forge Industries Ltd.
7. SKIPPER
8. MAZDA
9. KIRLOSBROS
Note: Always try to invest in outperforming sectors as well as stocks.
