#EleconOne of the few stocks to give more than 80% return in this market.
I entered but exited very early.
Mistake.
ELECON trade ideas
Elecon engineering - Positional long tradeStock is in solid uptrend, outperforming Nifty since Jan 2021. High volumes were seen in recent weeks when all stocks were going down, I think Mr. Vijay Kedia increased holdings in this share that will appear next month on public platforms. But this is just an assumption, it's not a reason to buy this stock.
Technically stocks is looking good. Stock gave a breakout above 205 and broke a 8 months old neckline. Breakout candle is important for this trade. We will go long close to breakout candle close that is 230. Stop loss in this trade will be the low of breakout candle, which is 194. Stock has potential to touch 320 and make new highs in coming months.
I will continuously monitor this chart after taking position and see if any positive or negative pattern develops & take necessary actions.
Classic Chart Pattern.Breakout possible, keep in watchlist, this could be big out only if breakout penetrated.
#Elecon#Elecon was shared last week too.
Box was not broken.
It is still a buy above box breakout for 325 levels SL bottom of box.
RS is also strong
ELECON#ELECON
Good financials.
Waiting for box break to resume uptrend.
Has performed well in this market so far.
Must be in watch list
#ELECON#ELECON
Broke left pivot with good volume and good close.
Buy above high will be in place tomorrow
i will play for 10%
breakoutshort term
entry:230
target:330
use 50 ema to ride the rally
and have some logical trialing stoploss
Elecon- Swing trading opportunityThe stock has broken out with volume. The chart says it all. Your comments will be highly appreciated and motivating
Only for educational purposes.
ELECON NSE Elecon Engineering Bussishview above 184ELECON NSE Elecon Engineering is bullish if 184 holds. New 52Week High. Fresh Breakout. New MultiYear High. Bullish Trend.
**** Educational purpose only.
NSE:ELECON
eleconElecon only for study purpose. Not a buy recommendation. Study yourself before you invest your hard earned money.
watch for resistance breakout in ELECON ENGINEERINGvolume breakout
RSI convergence
lower supportive trendline
horizontal reistance breakout
higher lows formation
risky traders= buy at CMP
safe traders= buy above 150
target= 8-9 percent on swing basis
stoploss= 132 or break of lower supportive trendline
this is only for education purpose. take trades at your own risk
Elecon Engineering Company | ChaiwithAnoop | Consolidation Break#elecon
#nifty
#banknifty
#chaiwithanoop
#eleconengineering
#eleconengineeringcompany
#Consolidation
#ConsolidationBreakout
TGT 200+++
Short Term
ELECON, a good buyBroke out a major resistance recently, Following an uptrend for some time on 1 day time scale
✅↗️ BIG BREAKOUT SOON🔜✅✅↗️ BIG BREAKOUT SOON🔜✅
- STOCK NAME : ELECON ENGINEERING
- SCRIP : NSE: ELECON
- INDUSTRY : EQUIPMENTS
- LTP : 111.70
- ✅TECHNICAL ANALYSIS DETAILS✅
1. PRICE COMING OUT OF 13 YEAR LONG CONSOLIDATION PERIOD .✅
2. RECENT VOLUME BUILD UP.✅
3. MACD BULLISH CROSSOVER.✅
4. MONTHLY CLOSE ABOVE 114 CAN BE BULLISH SIGNAL. ✅
5.RSI LEVEL IS ALSO STRONG.✅
6. BREAKOUT LEVEL - 114.✅
NOTE❗ : AFTER BREAKOUT PRICE MAY CONSOLIDATE A LITTLE BIT AFTER A LONG REALLY & RETEST ON BREAKOUT LEVEL ACTING AS SUPPORT.
🚫This is only for Educational Purpose 🚫
➡️Consult Your Financial Advisors Before Taking Any Trade💻
eleconWait for 31st may closing in ELECON
If close above 114 then buy and add more near 98
we seen 128/155/176/198+
view invalid below 82 wcb
Note: all views are education purpose only.
Elecon - BullishElecon CMP - 39.05
Looking bullish in higher time frame. One can go for Swing Trade setup with the following entry, exit & targets
Buy at 39 - 40 / Stop Loss 35.50
Target 1 - 43
Target 2 - 50
Target 3 - 60
Disclaimer: This is my view and for educational purpose only.
ELECON Short Term BullishElecon for short term bullishness. Chart self explanatory at different level. Elecon entered null volume territory which allows price to move up/down quickly around support and resistance areas. Expecting Elecon to consolidate between 1 and 1.23 fib levels before next leg up. it shouldn't loose 99.16 level.
Elecon Engineering Short Term BullishElecon at historic low levels but recently gained control of POC. It is currently entering volume null area with signs of bullishness. After this much drop, idea is to play for short term bounce to 38.2 level at which it might consolidate for next leg up.
