ELEN is approaching a major resistance zone around ₹300–₹310.
The stock has been building a higher-low structure since the March bottom and is now testing a long-term descending trendline.
🔹 Price has reclaimed the key moving averages
🔹 Higher lows are forming
🔹 ₹300–₹310 is the major breakout zone
🔹 A strong daily close above ₹310 could confirm the breakout
Bullish scenario: Breakout and hold above ₹310 → potential move toward higher resistance levels.
Risk: Failure to break ₹300–₹310 could result in another pullback toward ₹275–₹260 support.
🎯 Key level to watch: ₹310
This is a technical analysis idea, not financial advice. Always do your own research and manage risk.