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
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
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...
🔵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(M): CMP LOOKS GOOD FOR SIGNIFICANT UPSIDE. 1) MULTI-YEAR BREAKOUT 2) VOLUME EXPANSION 3) RSI INDICATING PRICE STRENGTH. HORIZON: 12M
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.
-momentum in rsi in lower time frame -ascending triangle pattern -volume low as of now -keep in radar
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...
ELECON has given cup n handle pattern breakout from 990 resistance levels. Target: 1100, 1270+ SL: Hourly candle close below 990
Buy for target 1 -988 Target 2- 1100 Time frame 1 - 2 sessions
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. ...
Nice cup & handle breakout Can we expect 10 or 20 pc Good volume
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...