Unlocking Structure: Multi-Timeframe Mapping Today’s chart highlights the value of multi-timeframe analysis for structured observation.
On the right (WTF), the weekly perspective provides a broad structure, showcasing a clean counter trendline and its reaction zone. A green box and magnifier zoom into this region, framing the context for the daily (DTF) chart on the left.
On the DTF view, the same zone is explored in detail. Here, there's an active counter trendline (white) and a pronounced double bottom formation resting on a blue Flip zone—noted for educational reference rather than outcome prediction. Both timeframes display how structural overlaps and retests can be identified, serving as useful pattern recognition and risk management.
Disclaimer: Trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always conduct your own research, consider seeking advice from a qualified financial advisor, and trade only with capital you can afford to lose.
ELECON trade ideas
ELECON ENGINEERING CO LTDElecon Engineering (Daily Chart)
Key Zone – Monthly FVG (Fair Value Gap):
Price has recently tested the Monthly FVG zone around 500–540 levels and formed a double bottom structure (highlighted in orange circles). This zone acted as a strong demand/support region.
Bullish Harami Pattern:
Inside the FVG zone, a Bullish Harami candlestick pattern has formed, indicating a potential reversal from bearish to bullish sentiment.
Market Structure Shift (MSS):
After prolonged consolidation in the FVG zone, price has given a strong breakout above MSS ~585, confirming a trend reversal to the upside.
Current Move:
The stock rallied sharply (+7.88%) and closed at ₹604, validating bullish momentum. Breakout came with good volume (1.48M), adding conviction.
Next Levels to Watch:
Immediate Resistance: 640–650 zone.
Major Resistance: 720 (50% retracement mark and previous swing supply).
Support: 560 (MSS retest zone) and 500 (Monthly FVG base).
View:
Structure indicates a medium-term bullish reversal. Sustaining above 585–590 can lead to targets of 640 → 720. Any pullback towards 560–570 can act as a buying opportunity.
Elecon Engineering Company LtdDate 10.08.2025
Elecon Engineering
Timeframe : Weekly Chart
About :
Company manufactures and sells power transmission and material handling equipment in India and internationally. In addition, it engages in the steel and non-ferrous foundry business.
Business Segment :
(1) Gear Division 72%
(2) Bulk Material Handling Equipment Solutions 28%
Products & Projects :
(1) Coal Handling Plants
(2) Stockyard machines
(3) Wagon Tipplers
(4) Over 2,000 Crushers/Feeders
(5) Pipe Conveyors and specialised belt conveyor systems
(6) Feeders
Foundry Division:
It caters to the machining and foundry needs of Elecon Engineering, providing casting and machining services to several companies other than the Elecon group.
Capacity of 8400 MTPA
Market Position :
Market Share for Industrial gear in India at ~39%
Geographical Revenue Split
India - 77%
Outside India - 23%
Clientele :
Ultratech cement, British Steel, HAYLEY, Tetra Pak, adani, LT, NMDC,SAIL, BHEL etc.
Order Book :
New order intake for FY25 is 2,380 crores
Valuations :
(1) Roce = 28.5%
(2) Roe = 23%
(3) Book Value = 6X
(4) Pe Ratio = 27
(5) Opm = 25%
(6) Promoter Holding = 60%
(7) Sales Growth = 20% (YoY last 3 years)
Regards,
Ankur Singh
ELECONELECON seems to be ready to give an upside move.
Good volume may push it, above 20ema.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
Stock Analysis: Elecon Engineering Company LtdIntroduction:
Established in 1960, Elecon Engineering Company Ltd. produces and distributes power transmission and material handling equipment both domestically and globally. Furthermore, it operates in the steel and non-ferrous foundry sectors. The company was the pioneer in introducing modular design concepts, case-hardened technology, and ground gear technology in India. The company was among the pioneers in introducing Mechanized Bulk Material Handling Equipment in India.
Cons: FII have slightly reduced their stake in Elecon in the December 2024 quarter.
Fundamentals:
Market Cap: ₹ 9,499 Cr.;
Stock P/E: 25.5 (Ind. P/E: 32.33); 👍
ROCE: 31.3% 👍; ROE: 24.5% 👍;
PEG Ratio: 0.51 👍
The stock is undervalued relative to its expected growth.
3 Years Sales Growth: 23% 👍;
3 Years Profit Growth: 83% 👍;
3 Years Stock price CAGR: 81% 👍;
Technicals:
Elecon has been in a downtrend since attaining 738 levels in Oct 2024.
The stock price has fallen below all the significant support levels like 20, 50, 100, 200 EMAs.
The stock price is showing some strength in the past couple of sessions with good volume.
However, in the weekly closing if we expect some strong momentum along with good volume, we can give a fresh entry.
Resistance levels: 482, 547, 649, 738
Support levels: 378
Verge of Breakout with Good Volumes NSE:ELECON is on the Verge of a breakout with good volumes today on a daily time frame respecting the rising channel and 100 EMA a close above 716 is crucial.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Once-in-a-lifetime opportunity.The stock has taken support exactly from the daily trendline with good volumes. Now, it will go for a retest of the upper trendline. We expect it to break the 740 zone as the management has given strong guidance. Heavy delivery volumes have been seen in the last many trading sessions. Once the upmove starts, we might never see this price again.
Beautiful channel!!The third greatest wealth creator stock post-COVID. The stock has given 5400%+ returns since its COVID low of around 20 and has recently undergone a split. The stock is rising in a beautiful channel on the daily chart. A clear double bottom has formed, and the neckline has been retested. The blue bar is the support, and the red bar is the resistance. This is a must-have portfolio stock. The next stop should be around 850. This stock is headed back to the 1000+ levels.
Elecon Engineering Company - Breakout Setup, Move is ON...#ELECON trading above Resistance of 1189
Next Resistance is at 1655
Support is at 987
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 educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Elecon Engineering Company - Long Setup, Move is ON...#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 educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ELECON ENGINEERING - Swing Trade Analysis - 21st April #stocksELECON 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
Unlocking Potential: A Deep Dive into Elecon Engineering's ChartWelcome 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 buyer interest.
Following this significant high, the stock opened the today with a sizeable gap up. Interestingly, the subsequent movement saw the stock retrace downwards on notably lower volumes. This behavior is typically indicative of a 'retest' of the breakout level.
The retest scenario presents a potential buying opportunity at a specific demand zone identified on the 15-minute timeframe. This strategy focuses on the Rally-Base-Rally pattern, suggesting a tactical entry around 1130.
📈 Strategic Trade Setup
Entry Point: The proposed entry is at the Rally-Base-Rally demand zone, calculated around the 1130 level.
Stop Loss: A stop loss is advised at a 3% decrease from the entry point to limit potential downside.
Profit Target: The initial target for taking profits is set at a 10% gain from the entry level, offering a risk-reward ratio of over 1:3.
Management Strategy: To maximize gains, a trailing stop loss is recommended, which allows profits to run while safeguarding against sudden downturns.
📉 Recent Financial Highlights
Elecon Engineering has recently announced its consolidated financial results for the quarter ending March 2024:
Net Sales: Rs. 564.62 crore, a surge of 32.99% compared to Rs. 424.54 crore in March 2023.
Net Profit: Rs. 103.65 crore, up 52.55% from Rs. 67.95 crore in the same quarter last year.
EBITDA: Rs. 148.40 crore, reflecting a growth of 47.43% from Rs. 100.66 crore in March 2023.
These financial metrics not only reflect a robust growth trajectory but also bolster the stock’s attractiveness in the eyes of potential investors and traders.
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.
🌟 “Every day is a new opportunity to reach that goal.” 🌟
This analysis is purely for educational purposes and does not constitute a trading or investment recommendation. Please note that I am not a SEBI registered analyst.