ELECON trade ideas
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
Resistance Breakout in ELECON
Buy Today, Sell Tomorrow: ELECON
1 Day up 1 Day down | Trade Planning for such type of Market Nifty - 15380 breakdown - back to the sideways box ( Future Shoulder of Head and Shoulders )
BankNifty - 32750 breakdown - back to the sideways box ( Future Shoulder of Head and Shoulders )
Crude oil breakdown on D Time frame - Good sign to trade auto sector as a hedge for long trades with price action
Setup looks strong if broader market reversesMulti year breakout is seen and one can have 5% sl in this positional setup
Elecon - Ichimoku Bullish Breakout Stock Name - Elecon Engineering
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness and
More strength will be visible above 280
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Consolidtion phase This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏
Elecon Engineering - Bullish TrendElecon Engineering - Bullish Trend
Based on Monday's open and close there will be 2 chances.
1st Chance:
If opens above 245 buy and the target will be 290
2nd Chance:
If Monday opens & closes below 245 then the stock will be on retracement
After retracement with a strong bullish candle Buy at 218, the target will be 250
Educational Purpose...
'ELECON' ready to switch 'ON' 💡💡 !!!!On daily basis, 'Elecon' has given a breakout from an inverted head and shoulder
pattern which was under construction since November with buzzing volumes.
On weekly basis, a breakout of cup and handle pattern is visible with rising RSI
also RSI has breached above 60 which is a positive sign.
On monthly basis, a breakout of 'N' pattern is visible which signifies the strength i.e. after
retracement it is still giving a breakout.
Here, RSI took support at 60 and witnessed the breakout.
NOTE:- the only sign of caution is that spinning top is visible and RSI has reached resistance level on daily charts,
also dividend is pending, so there is a chance of retracement on daily basis hence, try to accumulate near
breakout level.
Elecon at 52 week high, further upside possibleElecon chart looks very strong, the price has broken out of an INHS continuation pattern opening a target of 272. Stop loss may be kept at 212 on closing basis...
Elecon EngBuy Abv 235 sl 210 tgt 275
Disclaimer :- I am not SEBI Research Analyst kindly Consult your Financial Advisor before taking any positions
Elecon Engineering-Inverse Head & Shoulders Pattern Breakout.Swing Trade -Elecon Engineering-Inverse Head & Shoulders Pattern Breakout Daily Time Frame. Only Education Purpose.
YR 2022 Idea #61: Long on ELECONThis 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.
ELECON ENGG TARGET 286ELECON ENGG monthly primary trend and weekly secondary trend breakout. Bullish mode. Target 286
Elecon Ichimoku Bullish Breakout Stock Name - Elecon Engineering. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP>
And More strenght will be visible above 235. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis. Please do share your thoughts into comment section of Trading View.
Please give a like, it motivates me to do analysis and do share our channel with your friends as well.
ELECONCMP: 229
It is involved in the design and manufacturing of Material Handling Equipment and Industrial Gears.
LONG ELECONBreakout on chart of ELECON with good volume. If sustains above 220 it can move towards 250-300 , positional SL near 200.
Elecon Engineering - Target 260---#Elecon Target, if crosses the below resistance.
Results will confirm either side.
However, RSI indicates RISE.
So look for a target of 260.
#ELECON - POTENTIAL BO#ELECON - POTENTIAL BO
CMP : 204.65
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
Please like and retweet if you like this idea.
ELECON - Inverted Head and Shoulders pattern in Daily ChartsAn Inverted Head and Shoulders pattern is seen in #ELECON and a decisive breakout over the neckline. Daily chart is looking very bullish
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
Trendline Breakout in ELECON
Buy Today, Sell Tomorrow: ELECON
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalELECON ENGG
Stock give good resistance breakout and retracing and holding levels
Good to buy at CMP or add more above 190 levels for short term targets of 205-208-210 levels
In case of Gap-Up and Gap-down avoid setup
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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