ELECON trade ideas
At 2018 high. Breaking box. High monthly volume. Huge monthly volumes from past one year.
1st target 114
2nd tgt 120
Not to forget results are due tomorrow. That is on 27/05/2021.
These are just technical targets. Not fundamental.
Buy ELECONAccording to 1day chart analysis it's create a rounding bottom pattern and break previous high.
We cab buy if rounding bottom pattern neck line break with increasing volume.
Buy @145 or above
Target : 150-160 ++
A Multibagger Stock InsightThe small cap company, Elecon Engineering Company, has given a multi-year breakout and is poised to give 2x/3x return from here if the business performs the same way like the last few quarters.
The company has reduced its debt alongside showing signs of good growth on the revenue and the operating profit front.
One can wait for the stock to retest the levels of 110 else start accumulating for higher targets with time frame of 12-15 months.
#TradeTheTrend
ELECON multiyear breakoutELECON at multi year breakout level*
Stop Loss 113.50 closing basis only
Please keep risk appetite in mind before investing in this
Disclaimer: This is just my personal view. Please do your own research before trading.
MULTI BAGGERRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!THIS STOCK HAS GIVEN A BREAK OUT AND IS NOW READY TO TOUCH IT S LIFE TIME HIGHHH!!!!!!!
STOCK IS FUNDAMENTALLY VERY STRONG AND IS A GOOD TECHNO FUNDA PICK
CAN GIVE A RETURN OF MORE THAN 100%
INVESTTTT
DISCLAIMER
ONLY FOR EDUCATION PURPOSE
ELECON ENGINEERING: 13Yrs Triple Bottom + Neckline BO! 💎It moved a lot but seeing this, it may be just the beginning...👌🏻positional trade
Rounding bottom reversal.Company with strong Finanicals.Looking good for big upside movement. Curve line is acting as a good support. Volume Accumulation from past weeks
FOR LONG TERM INSVETMENT, BUY ELECON ENGINEERING ABOVE 121ELECON ENIGINEERING has bounced from YEARLY Support and now sitting on YEARLY Resistance.
The main idea behind buying is its Highly Bullish Nature, Company is making its mark across India in Various fields like Mining, etc.
Also recent Monthly Volume is all BIG GREEN.
It may go down a little but for Long Term it is sure Buy above 121.
ELECON wave countselecon moving nicely as per counts the upside given may be trimming positions some
ELECON ELECON (MONTHLY):- Breakout above 97 for Target 200/250++ with Stop Loss 60 WCB
1) Multiyear Breakout :)
2) HR Tested 4 time Now May be Covert into HS
3) Huge Accumulation (2009 to 2021)
Buy Elecon shareLong elecon above 72 TGT 85-90 SL 65 .Uptrend stock trading above 20 EMA. forming higher highs & lower highs. This is for your educational purpose only.
ELECON ENGG - BGF ELECON ENGG - BGF
13 Feb 2021 - CMP 55.90
IHNS WTF
Buy above 60
SL 50
TGT 66 / 74+
Educational purpose only.
