ELECON trade ideas
BREAKOUT ON ELECON 📌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 trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 Add on your watchlist....
📌 If you have any questions about any stock you can DM me Or comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
outperforming engineering and industrial equipment companiesKeep 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.
"ELECON: Riding the Strong Uptrend with Confidence"Description:
📈 ELECON: Harnessing the Power of a Strong Uptrend! 🚀
Get ready to dive into an opportunity with ELECON, a stock that has exhibited remarkable strength as it surged from 16 to 1000 levels. Here's why this trade deserves your attention:
Key Points:
📊 Entry Price (in Rupees): Consider entering the trade at Rs 730, positioning yourself for potential gains as ELECON continues its upward trajectory.
❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 632. This level serves as a crucial safety net in case the trade doesn't go as planned.
🎯 Target Price (in Rupees): Our target is set at Rs 1000, representing a substantial potential upside. This is where you may contemplate taking profits.
🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, aligning with your trading strategy and market conditions.
📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:1.62. For every unit of risk, there's a potential reward of 1.62 units, resulting in a risk-reward ratio of "1:1.62."
🚀 Trade Strategy: Stay confident as ELECON rides its strong uptrend. Maintain your stop loss intact and consider trailing it periodically to secure gains as the stock progresses.
📉 Good Correction from Highs: ELECON has experienced a healthy correction from its higher levels, potentially providing an attractive entry point.
📊 Trading on Support: The stock is currently trading on a supportive level, with today's daily candle indicating a potential bounce back.
💰 Favorable Risk to Reward: This trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while diligently managing risk.
This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the strength of ELECON's uptrend with confidence and seize the opportunity for potential gains. Happy trading!
(Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 767
Next Resistance is at 861
Support is at 608
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 consult your financial advisor before taking any trade.
Elecon Engineering Company - Long Setup, Move is ON...##ELECON trading above Resistance of 672
Next Resistance is at 767
Support is at 547
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 consult your financial advisor before taking any trade.
Elecon Engineering Company - Long Setup, Move is ON...#ELECON trading above Resistance of 547
Next Resistance is at 672
Support is at 394
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 consult your financial advisor before taking any trade.
ELECON - Long Setup, Move is ON..NSE:ELECON
✅ #ELECON trading above Resistance of 530
✅ Next Resistance is at 635
Related charts:
Charts are 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.
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in ELECON
BUY TODAY SELL TOMORROW for 5%
ELECON ENGINEERING1) Strong weekly close above Previous ATH 476.
2) Trend goes in an uptrend channel - Weekly TF.
3) The weekly uptrend channel trend's resistance is at 553.55 and that will be the target 1.
4) In monthly TF - There is a Cup with Handle pattern breakout. As per Monthly TF and Pattern - The Target (Resistance) is at 660.
5) Strong Buy.
Short term pick -> EleconChart -> Elecon Engineering Daily
A good triangle breakout with a volume popup can be seen.
CMP: 432
Good range: 412 to 432
Targets: 475
SL: 405 daily close
Above 475, a new breakout will happen.
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Elecon Engineering Cmp 492 dated 17-2-2023Elecon Engineering Cmp 492 dated 17-2-2023
1. Triangle Pattern Bo @ 415
2. Huge Volume Rise
3. RSI BO
Buy @ Cmp for target 435-450-465-475-490 SL 380
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Elecon Engineering Company Ltd - BreakoutAn industrial manufacturing company with low debt and zero promoter pledge. Moderate and improving fundamentals with good profit growth over continuous years. Now break out with good volume shocker happened . Have chances to move nearer to 480 levels within a month span .
