Elecon Engineering Co. Ltd. stock forum


ELECON Inverse H&S on weekly chart? Right shoulder in formation?? keep a close eye; it might bounce from 200dema. If the pattern forms, a massive rally can unfold.



ELECON ENGINEERING (1W TF) - Swing Trade Analysis given on 21st April, 2024

Pattern: ALL TIME HIGH BREAKOUT
- Weekly Resistance Breakout -
- Volume Buildup at Resistance -
- Demand Zone Retest & Consolidation - In Progress
Snapshot

ELECON Not showing any momentum
it will not go above 1100. too much resistance