After taking support at 200 EMA and 20/50 EMA , Elecon is poised for breakout to breach its previous high supported by strong MACD pullback and ADX . Likely to see 217-222 in short-term
Likely breakout after a phase of consolidation backed by strong volumes and MACD histogram
With continuing support in midcaps, expecting 274, 291 levels in 3 to 5 trading sessions