As we can see in chart volume of this stock is good & take bullish momentum from neariest support.But risk is average here.Let see.
Chart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Elgiequip view for 10th Feb Some momentum expecting above 444 Please follow strict risk reward and stop loss Thanks V Trade Point
Stock on monthly support with good volume breakout...
ELGIE EQUIP CMP 516 Looks bullish for new high SL 482 Target 560++ Swing/Positional.
elgi equipment is at strong support zone Support is 480 Resistance is trendline may be heavy fall below 480
Elgi equipment is close to its immediate resistance. Wait for the price to go above the breakout zone. Regression is possible. Keep on radar. # elgi equipments # breakout soon
Elgi equipments looks good for long on weekly chart, making a CNH. It's trading near horizontal resistance line and ATH. RSI and volume is also good.
Breakout given after cup and handle formation. Good to go long .
ELGi offers a complete range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors, to dryers, filters and downstream accessories. The company’s portfolio of over 400 products has found wide application across industries. Whether it is the paint on...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
Stock: Elgiequp Entry: 350 Look for wide range of candles on 30 min time frame to enter
Change in Polarity or Continuation ? Historic move suggest Retest of Sr Flip and move towards high. Support at 204.6 on Closing Basis #elgiequip
ELGI EQUITY levels ...24/06/2021 (D candle)
NEAR THE TRENDLINE SUPPORT AND BOUNCING GOOD RISK REWARD SL 202 WEEKLY CLOSING TARGET 243 AND 300 + dISC: EDUCATIONAL VIEW