Whats special about commodity backed scrip are they tend to move some time like a Commodity price movement , Yes they have a tendency of moving in side way range
Because commodity are not an apprising products to move on year on year appraisal ,
This scrip although it is a finance product for housing projects , but visual representation show its moving in the nature of commodity price movement
I am looking this could move up back all the way up to 1440 , you may find some bonus in between , One can look for investing for long term position only , and look to make money 5 fold form today investments
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I guess We are already in profit of 12 % so far form 205 to 237
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i hope you people have enjoyed from 205 to 351 , we actually booked at 340 as our trailing stop hit so we made from 205 to 340 a gain of 135 points in Futures lot size 800 ,