My charts (and yours too........)

dhootankur

Well-Known Member
Elecon engineering....Very short term BO has done and long term BO is yet to happen...With some divergences visible in it says can pick it now but conservative traders can wait for it to cross & close abv 71 with good amount of volume. First tgt can be 74 cross would be 80 and then 86.

Attaching daily and weekly charts...Weekly charts has ended with bullish engulfing candle which is quite bullish and as its said wait for other candle to proceed, so one can wait for cross 71 and come into action.

Daily:


Weekly:


Comments are welcome...
 
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