ELECON ENG--BULLISH~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
ELECON trade ideas
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.
ELECON ENGG TARGET 598ELECON ENGG weekly and daily raising wedge breakout with bullish. Breakout all-time high. If it opens above 504 and sustains 506 in daily it will reach the first target 540 and then 598
Fresh breakout to trade in ATH stock1. Fresh Breakout
2. Trend- Bullish in all time frame
3. 6 months consolidation before fresh breakout
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 .
Swing trade Volume support upside momentum best entry time for swing trade minimum may be 15% target with in month,SL any candle close below current candle
ELECON trading near breakout zone.ELECON is trading near breakout zone. DII and promoter has increased their stake. Good fundamental stock for long term holding.
ELECON ENG-BULLISH~The chart of Elecon Eng. is looking strong.
~IT has broken all time high resistance.
~RS and RSI is also strong.
ELECON - Ichimoku Bullish Breakout Stock Name - Elecon Engineering Company Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 440
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
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Elecon showing good strenght after moving above previous ATH#Elecon crossed previous ATH near 350 strongly and now CMP is 417 . EPS growth and Sales growth is on the card.
Seems big money moving in. Can be added for 30/50% upside in midterm.
Elecon Engineering... forms bearish flag patternAfter making a high of 415, the stock has shown weakness.
Currently, I can see formation of bearish flag pattern, which is a continuation pattern. Can expect further correction in the stock price.
Another important thing to note is that the stock price is below the 50 day moving average. For any positive up-move, will wait for the price to move above the 50 day moving average.
Further downside can take the price to around 300 levels, which is an important support zone.
Not a buy/sell recommendation. Please consult your financial advisor.
Elecon Engineering Company - Long Setup, Move is ON...#ELECON gave an entry at 230.30 on breakout.
Has moved from 230.30 to 415.60 levels.
It is now trading above Resistance 2 of 368.
Next Resistance 3 is at 428.
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.
Buy Today, Sell Tomorrow: ELECONDON'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 the chart are calculated using the BREAKOUT INDICATOR
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
Pitchfan Breakout in ELECON
Buy Today, Sell Tomorrow: ELECON
ELECON: ATHCMP: 372
- Trading inside a box near All-Time High
- Box breakout can be expected here with the support around 330
ELECON | Pole and Flag breakout !!!Bullish flag breakout, opportunity to earn good RRR
CMP: ~ 374.30 (Buy @ ~377.50)
SL: ~ 338
Target: ~479 | ~569 | ~715
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
YR 2022 Idea #108: Long on ELECON This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
14 Years Multiyear Breakout in ELECON14 Years #Multiyear #Breakout in #ELECON (Elecon Engineering Company Ltd). Its #Outperformed #Nifty.
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
ELECON ENGINERINGElecon Engineering breakout with high volume in weekly chart. This stock is also forms head and shoulder pattern and it also shows strong in bear market also .
Ps:I am not sebi registered this post is only education purpose only
Elecon Engineering is looking strong during this correctionAfter breakout above 210, the stock is in a consolidation zone, with price retracement along the 21 day EMA. Expect price to move up after crossing the 270 level.
Stock is in an uptrend and above key moving averages, with a strong relative strength and volume activity.
Always keep your stop-loss defined before you initiate a trade.
Note: This is a personal analysis of a scrip, not a buy/sell recommendation
