Strong Momentum With balanced ReturnsIt shows a more Robust BTST setup which cleaner breakout, confirmations across technical indicators Elecon engineering Ltd is a promising candidate, BTST / INTRADAY
ELECON trade ideas
Elecon Engineering: Pre-Breakout Momentum Building!🚀 Elecon Engineering: Pre-Breakout Momentum Building! 🚀
📉 CMP: ₹716
🔒 Stop Loss: ₹652
🎯 Target: ₹952
🔍 Why It Looks Promising?
✅ Rounding Bottom Breakout: Strong breakout above ₹652 with a successful retest.
✅ Fresh Upside Move: Momentum picking up—on track to challenge all-time highs.
💡 Strategy & Risk Management
📈 Staggered Entry: Accumulate gradually near support to manage risk effectively.
🔒 Strict SL: Maintain a disciplined stop loss at ₹652 to protect capital.
📍 Outlook: Elecon is well-positioned for a fresh rally with strong technical structure and volume support.
📉 Disclaimer: Not SEBI-registered. Please conduct your own research or consult a financial advisor before investing.
#EleconEngineering #BreakoutStocks #TechnicalAnalysis #RoundingBottom #SwingTrading #StockMarketIndia #InvestSmart
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 Bands: Positive breakout confirms sustained upward momentum.
📈 RSI: At 59, there's room for more growth without hitting overbought territory.
🚀 Stochastic: A scorching 97 shows strong bullish momentum.
Looking for your next BTST or swing trade? ELECON is offering compelling potential with strong bullish momentum and excellent technical backing.
Don't miss out – keep an eye on ELECON for your next big move!
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 question is: should you sell around the 810 zone or hold? My recommendation is to hold for the long term. This stock has the potential to create significant wealth again. If you don't need the money, consider holding it for the next 5 to 10 years.
A fresh breakout is likely imminent.Even in this challenging market, the stock is holding strong. It made an excellent recovery from the intraday dip and is now consolidating well. It looks poised for a new upward move toward 800, and potentially even 1000 in the future.
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 everyone to enter at 578. For those who did, never sell this stock. NEVER. Hold onto this for the next generation; it has the potential to create wealth for your future family. This is one of the best companies to ever list on the Indian stock market, and I’m proud to be a shareholder since the COVID period.
ELECON Daily / Weekly / Chart
5% near to 52 week high
RSI above 60 D / W / M
Need to sustain above recent high 716
volume growth (need to sustain tomorrow or need to cross resistance on daily chart)
weekly shown volume growth
support 666
expected level 888
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 of one thing happening over another.
5. Every moment in the market is unique.
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 weeks, and management provided a very bullish guidance last month regarding the upcoming quarters.
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 band now and will probably break it the next time, which will start the journey once again towards 1000+ levels.
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 strong resistance, has been decisively broken, indicating potential bullish momentum.
Bullish Engulfing Candle on Weekly Timeframe : The presence of a bullish engulfing candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement.
Breakout Above All-Time High : Elecon Engineering has broken above its all-time high, indicating strong bullish sentiment and potential for further gains.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, confirming its bullish bias and potential for trend continuation.
Volume Spike : A significant spike in trading volumes reflects increased market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Elecon Engineering.
Target - 1420
StopLoss - weekly close below 970
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@visionary.growth.insights
elecon set on firestage 2 uptrend continuation this stock is all set for new highs massive accumulation from fii
Long EleconClear retest of breakout from symmetrical triangle pattern can go long keeping swing low as sl
ELECON- Keep on RadarStock has formed Cup & Handle pattern. Price breakout of the handle was seen on 26 Dec 23 with good volumes, but stock started trading in a tight range right below the absolute top of the cup pattern with low volume. if price breaks above 950/- Level with good volumes and breakout sustains, the stock may give a good upwards move of 25% to 28%.
Entry: Above 990; SL: Below 905.
ELECON
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
ELECON 917 BO doneElecon Engineering Company Ltd
Market Cap ₹ 10,767 Cr. | Current Price ₹ 960
52 High / Low ₹ 983 / 331 | Stock P/E 36.9 | Book Value ₹ 126
Dividend Yield 0.23 % | ROCE 24.9 % | ROE 20.5 % | Face Value ₹ 2.00
Promoter holding 59.3 % Current liabilities ₹ 375 Cr. Total Assets ₹ 1,881 Cr.
Return over 1year 95.3 %
Return over 6months 52.0 %
Return over 3months 3.96 %
Return over 1month 18.1 %
Return over 3years 194 %
Return over 5years 73.5 %
MACD ₹ 19.4 | RSI ₹ 55.4 DMA 50 838 DMA 200 671
Volume 1,00,548 Avg Vol 1Mth 4,55,186 Avg Vol 1Wk 1,91,571
triangle pattern breakoutsimple triangle pattern breakout. low risk trade with high profit.
set a target at 15%, stop loss in upper trend line.
A Bullish Signal for Long-Term Investors - ELECONIntroduction:
Elecon Engineering Company Ltd. (ELECON) is a leading manufacturer of Material Handling Equipment and Incraft carriers in India. The company has a rich history dating back to 1960 and has been a part of the NSE since its inception. In this blog post, we will analyze the company's financial performance and provide a bullish signal for long-term investors.
Financial Performance:
ELECON has consistently shown a positive trend in its financial performance over the years. The company's sales have been increasing steadily, with a growth rate of 13% in the last year. The company's operating profit has also been on an upward trend, with a growth rate of 22% in the last year. The company's net profit has been increasing at a rate of 21% in the last year.
Technical Analysis:
The company's stock price has been trading above its 90-day moving average, which is a bullish signal. The RSI (Relative Strength Index) is also showing a bullish signal, indicating that the stock is oversold and ready to bounce back. The MACD (Moving Average Convergence Divergence) applied on OBV (On Balance Volume) is also showing a bullish signal, indicating that the stock is ready to make a new high.
Quarterly Results:
ELECON's quarterly results have been impressive, with a growth rate of 13% in sales, 22% in operating profit, and 21% in net profit. The company's other income, interest, and depreciation have also been increasing steadily.
Conclusion:
In conclusion, Elecon Engineering Company Ltd. (ELECON) is a bullish stock with a strong financial performance and a positive technical analysis. The company's quarterly results have been impressive, and the stock is trading above its 90-day moving average, indicating that it is ready to bounce back. We recommend long-term investors to consider this stock for their portfolio.
Elecon Engineering-Nice breakoutElecon Engineering-Nice breakout.
Capital to be deployed- 20k
Investing Price -570-580
Breakout Price -556
Stoploss-460
Targets-982/1355
#eleconengg #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
ELGIEQUIPBuy above :- 471
Stop loss :- 420
Target:- 520
Time :- 45 trading days
ELGI Equipments Ltd is a holding company, which engages in the manufacture of air compressors It operates through the Air Compressors, and Automotive Equipment.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Breakout on Daily charts Kya bolti hh public ...........
keep this script on Radar guys
It is essential to trade with prudence and thoughtfully analyze your risk management plan before executing any trades. Wishing you a successful trading experience!
Elecon Engeneering Elecon Engeneering this stock is trading near support line the stock alredy gave break out now again it is trying for new BO we can enter here CMO 409
Best buy 400 To 405
Target 440
Note: iam not SEBI registered iam not recommending any one to buy / Sell
Iam just posting my view
