TheUnlearningOne

Elecon Engineering is looking strong during this correction

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TheUnlearningOne Actualizado   
NSE:ELECON   ELECON ENGINEERING
After breakout above 210, the stock is in a consolidation zone, with price retracement along the 21 day EMA. Expect price to move up after crossing the 270 level.

Stock is in an uptrend and above key moving averages, with a strong relative strength and volume activity.

Always keep your stop-loss defined before you initiate a trade.

Note: This is a personal analysis of a scrip, not a buy/sell recommendation
Comentarios:
Time to be cautious. Book profit. Stop loss is the key to save profit.

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