1.S3 support 2.ML of PF 0.58% 3.Ml of a Longer term PF 0.58% (yellow) 3.2.24 fib level of the impulse 4.previous bottom
Although there is a , which marks a reversal level from its PRZ , but interestingly the PRZ limit dosent match any by any system..Still a point of caution is better maintained, as that level might also be a 0.5 minimedian line of the which earlier gave a support to the back in Nov2016 at the face of a divergence..
Negativism regarding the bankruptcy filing of Lavasa subsidiary has lead to the major fall recently..
Rather than this as an over reaction, i would say the market wasnt pricing this at all, infact the market was discounting in the Lavasa's Strategic Debt Restructuring to be successful and equity infusion.... The final nail in the coffin was when RBI revoked SDR 0.33% as an option from its books totally...
While the future of lavasa is an issue in the consolidated financial statements, i find the standalone company has a value unlocking to offer..
A lot will depend on the promoters , on how they will manage to bring us out of the mess taking the opportunity at hand.. So far, in my eyes the promoters have been below average in tactical performance historically..
The possible massive orderbooks from the government and private space, the near debt free turnaround status,the current pending mammoth orderbook to suffice enough for atleast 2 years are the main themes i am looking forward to while bottom fishing this scrip...
I would refrain from talking fundamentals in this technical forum...
But here is the link to my Thread about HCC 1.38% , and why there is a sweet pot amongst the dark clouds looming
A previous idea was made where i was expecting either the S2 support to hold the , it didnt..
Disclaimer.. a miniscule position taken, will bottom fish when opportunity comes... not an investing/trading recommendation