Elecon Engineering Company Ltd.ELECON₹594.00 +2.61%

Elecon Engineering Company surged 3% today and is currently in Stage 2, the accumulation phase, suggesting that institutional investors may be quietly adding to their positions. Technical indicators like MACD and RSI point to rising momentum; however, the stock appears somewhat overextended in the near term. Analysts suggest keeping Elecon on the radar and waiting for a possible pullback toward the 10-day or 21-day moving average before considering fresh entries.

Source: NSE

Elecon Engineering specializes in the design and manufacturing of industrial gears and material handling equipment, as well as providing erection and commissioning solutions. The company operates manufacturing facilities across India, Sweden, the UK, the USA, and the Netherlands, with sales offices in Dubai and Singapore, strengthening its global footprint.

Biocon Ltd.BIOCON₹342.55 +1.98%

Biocon climbed 2% today, breaking through its anchored VWAP resistance on the back of solid volume accumulation. Technical signals remain bullish, with a MACD crossover indicating fresh momentum and an RSI above 50 confirming the uptrend. A golden crossover between the 10-, 21-, and 50-day moving averages adds further strength to the bullish setup. Market watchers will be closely observing whether Biocon can sustain this positive momentum in the coming sessions.

Source: NSE

Biocon Limited is a global biopharmaceutical leader focused on innovation, specializing in biotechnology products and research services. The company is committed to improving affordable access to therapies for chronic conditions such as diabetes, cancer, and autoimmune diseases. Biocon has successfully commercialized biologics, biosimilars, small-molecule APIs, and generic formulations worldwide, while also advancing a strong pipeline of immunotherapy assets.

Note: Charts and prices are as of 1 PM.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.