Elecon Eng: Rs.78/-. the stock seems to be heading higher  in coming weeks/months. the stock has successfully move above 200 week EMA after 2008 which itself is a bullish signal. it move above 200 week EMA can down took support exactly at that and then started moving up on huge volumes which is a bullish signal. The heavy volumes indicate that the investor interest is coming into the stock and informed investors are buying into it expecting a better future for the stock. The financials lately are not so encouraging. But fundamentally the stock good and has a good business model.

Mahiidar M
Enjoying Life
Trend is Friend.