ELECON trade ideas
ELECON: RESISTANCE of the DECADE! 👀🕵🏻(since 2009)Trendlines and levels are marked. Candle is extremely bullish and the volumes are sky high. The resistance is very strong (since 2009). Once crossed. It's real party!
ELECON ENGINEERING Disclaimer:
The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments.
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
stock might move towards 33/36 levels
ELECON ENGINEERING - Bullish Bat - 1D TFBullish Bat pattern on Daily Chart of Elecon Engineering. BUY 54-55.
Just started learning Harmonics, so don't know how to calculate Target(s) & SL, yet.
Elecon Moving UpWeekly Supertrend in the Green = Bullish
Daily William%R bouncing from oversold levels = Pullback done
Bouncing back from near 50% fibonacci levels = Bullish
Support taken at an old support and resistance area = Demand zone
More than 7 times the average volume = Bullish
Buy with a stop loss at Rs.59.50 for a target of Rs.70 and above
Elecon Engineering - Nice returns may be expectedNew levels are seen once it crosses 73.
75 and 80. Stop loss 61 recent bounce back level.
ELECON nearing to trendline breakElecon moving with good volumes and price action!! a break above the trend line and a closing above 86 will take the stock to 95-100 levels easily, keeping a stop of 78!!
Medium to Long term call in ELECON @ 64Weekly breakout with volume at CMP 64, adding stock from CMP for target 80-90 for medium to long term with SL 58(weekly closing basis)
