On Wednesday, the stock of Elecon Engineering Company surged 12.7 per cent accompanied with extraordinary volume, breaking above the 200-DMA and a key resistance at ₹60. This rally gives an opportunity for the investor with a short-term perspective to buy the stock at current levels. Significant long-term support in the band between ₹45 and ₹46 arrested the stock’s decline in November 2016 and ...