#NAVALTD
CMP ₹.450/-
Stock from power sector, looking good. Breakout happened in 2.5 year long and 1 year long resistance trend line. Technically looking good but due to the overall blood bath in market recently, it is very difficult for the stock to survive and keep the trend. Some fall can be expected with prevailing market trends. But if it can outlive the whole market trend then a 40% - 50% move can be expected from here.
CMP ₹.450/-
Stock from power sector, looking good. Breakout happened in 2.5 year long and 1 year long resistance trend line. Technically looking good but due to the overall blood bath in market recently, it is very difficult for the stock to survive and keep the trend. Some fall can be expected with prevailing market trends. But if it can outlive the whole market trend then a 40% - 50% move can be expected from here.
