{"id":34906,"date":"2026-04-21T13:06:55","date_gmt":"2026-04-21T07:36:55","guid":{"rendered":"https:\/\/signalz.pro\/?post_type=article&#038;p=34906"},"modified":"2026-04-21T13:06:55","modified_gmt":"2026-04-21T07:36:55","slug":"elecon-engineering-company-limited-strong-recovery-from-bottom-formation","status":"publish","type":"article","link":"https:\/\/signalz.pro\/article\/elecon-engineering-company-limited-strong-recovery-from-bottom-formation\/","title":{"rendered":"Elecon Engineering Company Limited \u2013 Strong Recovery from Bottom Formation"},"content":{"rendered":"<p>\ud83d\udcca Elecon Engineering Company Limited \u2013 Strong Recovery from Bottom Formation<\/p>\n<p>The stock is showing a clear reversal attempt after a prolonged downtrend, with price bouncing sharply from lower demand zones.<\/p>\n<p>\ud83d\udd0e Technical Observations:<br \/>\n\u2022 Prior downtrend with consistent lower highs &amp; lower lows<br \/>\n\u2022 Formation of a base near strong support (Bottom formation)<br \/>\n\u2022 Sharp bullish candles indicating strong buying interest<br \/>\n\u2022 Price reclaiming short-term moving averages<br \/>\n\u2022 Momentum indicators turning positive with strength<\/p>\n<p>\ud83d\udd11 Key Levels to Watch:<br \/>\n\u2022 Immediate Support: \u20b9436 \u2013 \u20b9418<br \/>\n\u2022 Major Support: \u20b9394 \u2013 \u20b9373<br \/>\n\u2022 Immediate Resistance: \u20b9478 \u2013 \u20b9499<\/p>\n<p>\ud83d\ude80 Upside Targets:<br \/>\n\u2022 \u20b9499<br \/>\n\u2022 \u20b9562<br \/>\n\u2022 \u20b9625+<\/p>\n<p>\ud83d\udcc9 Risk Scenario:<br \/>\nBreakdown below \u20b9418 may weaken the recovery and push price towards \u20b9394<\/p>\n<p>\ud83d\udcc8 Trading View:<br \/>\n\ud83d\udc49 Stock has given a strong bounce from bottom zone<br \/>\n\ud83d\udc49 Sustaining above \u20b9499 can trigger fresh bullish momentum<br \/>\n\ud83d\udc49 Trend reversal confirmation likely on breakout<\/p>\n<p>\u26a0\ufe0f For educational purposes only. <\/p>\n<p>\u2014 AALGO BREATHS \ud83d\udcca<\/p>\n","protected":false},"template":"","article-category":[],"article-tags":[400,128],"class_list":["post-34906","article","type-article","status-publish","hentry","article-tags-technicalanalysis","article-tags-sebi-registered-analysts"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article\/34906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=34906"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-category?post=34906"},{"taxonomy":"article-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/article-tags?post=34906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}