ELECON Ltd: Bullish Breakout in Motion – Ready for Your Next TrELECON Ltd is powering through with a strong bullish phase, backed by a bullish Marubozu candle and rising volume, signaling a solid uptrend. With technicals lining up for continued growth, this stock is turning heads!
📊 Donchian Bands: New highs, indicating potential breakouts ahead!
🔥 Bollinger B
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16.60 INR
3.56 B INR
19.33 B INR
82.28 M
About ELECON ENG. CO. LTD
Sector
Industry
CEO
Prayasvin Bhanubhai Patel
Website
Headquarters
Vallabh Vidyanagar
Founded
1951
ISIN
INE205B01031
FIGI
BBG000CQW5J1
Elecon Engineering Co. Ltd. engages in the manufacture and sale of material handling equipment and industrial gears. It operates through the following segments: Material Handling Equipment and Transmission Equipment. The Material Handling Equipment segment involves the production of raw material handling system, stackers, reclaimers, bagging and weighing machines, wagaon and truck loaders, crushers, wagon tipplers and feeders and port equipment. The Transmission Equipment segment refers to gearboxes, couplings and elevator traction machines. The company was founded in 1951 and is headquartered in Vallabh Vidyanagar, India.
We noticed a fish hook pattern emerging in the trend.Those who bought with me at the 563 level are now enjoying substantial profits. The stock is poised to test the upper band, and tomorrow is a crucial day as the company will announce its results. The chart suggests the results will be outstanding.
Now, for those who invested alongside me, the key q
New all-time high!This gem has reached a new all-time intraday high, showcasing a beautifully long channel. Once we see a daily close above the previous all-time high, a new journey toward 800 will begin. If it breaks through this channel, we could witness a significant rally. I previously shared a chart and advised
ELECON1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability
Very good buying opportunityThe stock has once again taken support from the daily trend line today and is moving up within this long 6-month channel. I anticipate it will break out of this channel within the next 3 to 6 months and potentially head back to the 1000 levels. Delivery volumes have been very high over the past few
Once in a lifetime buying opportunity.The stock has taken support exactly from the lower band of this beautiful daily channel. This is a must-buy zone, with the lower blue bar serving as a stop loss. The risk-to-reward ratio is absolutely amazing. It is one of the greatest stocks in the Indian market. The stock is headed for the upper b
SWING IDEA - ELECON ENGINEERINGConsider a promising swing trade opportunity in Elecon Engineering Company Limited , a leading provider of power transmission solutions, material handling equipment, and engineering services.
Reasons are listed below :
Decisive Breakout of Resistance : The price level of 1120, previously a stro
See all ideas
Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of ELECON is 470.25 INR — it has increased by 1.25% in the past 24 hours. Watch ELECON ENG. CO. LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange ELECON ENG. CO. LTD stocks are traded under the ticker ELECON.
ELECON stock has risen by 12.39% compared to the previous week, the month change is a 19.96% rise, over the last year ELECON ENG. CO. LTD has showed a −4.83% decrease.
We've gathered analysts' opinions on ELECON ENG. CO. LTD future price: according to them, ELECON price has a max estimate of 645.00 INR and a min estimate of 645.00 INR. Watch ELECON chart and read a more detailed ELECON ENG. CO. LTD stock forecast: see what analysts think of ELECON ENG. CO. LTD and suggest that you do with its stocks.
ELECON reached its all-time high on Oct 17, 2024 with the price of 739.10 INR, and its all-time low was 8.10 INR and was reached on Mar 25, 2020. View more price dynamics on ELECON chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
ELECON stock is 3.04% volatile and has beta coefficient of 1.82. Track ELECON ENG. CO. LTD stock price on the chart and check out the list of the most volatile stocks — is ELECON ENG. CO. LTD there?
Today ELECON ENG. CO. LTD has the market capitalization of 105.66 B, it has increased by 11.53% over the last week.
Yes, you can track ELECON ENG. CO. LTD financials in yearly and quarterly reports right on TradingView.
ELECON ENG. CO. LTD is going to release the next earnings report on Apr 24, 2025. Keep track of upcoming events with our Earnings Calendar.
ELECON net income for the last quarter is 1.08 B INR, while the quarter before that showed 877.20 M INR of net income which accounts for 22.59% change. Track more ELECON ENG. CO. LTD financial stats to get the full picture.
ELECON ENG. CO. LTD dividend yield was 0.32% in 2023, and payout ratio reached 9.47%. The year before the numbers were 0.52% and 9.45% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Apr 19, 2025, the company has 1.97 K employees. See our rating of the largest employees — is ELECON ENG. CO. LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ELECON ENG. CO. LTD EBITDA is 4.83 B INR, and current EBITDA margin is 24.67%. See more stats in ELECON ENG. CO. LTD financial statements.
Like other stocks, ELECON shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ELECON ENG. CO. LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ELECON ENG. CO. LTD technincal analysis shows the buy rating today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ELECON ENG. CO. LTD stock shows the neutral signal. See more of ELECON ENG. CO. LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.