Elitecon International Ltd Hits New 52-Week High Amidst Strong Buying Momentum
Notably, Elitecon International has achieved a new 52-week high of Rs. 203.55 today, reflecting strong market momentum. The stock has been on a remarkable upward trajectory, gaining for 21 consecutive days and delivering an impressive 178.26% return during this period. It opened with a gap up of 4.99% and reached an intraday high of Rs. 203.55.
The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. This sustained buying pressure may be attributed to various factors, including positive market sentiment and strong fundamentals within the trading and distribution sector.
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