Breakout happened with high volume, But it keeps on failing for the last 2 days. One can confirm after the next candle. I am shorting this trade after two days.
I think its worth to hold as long as it holds 63 level in EOD. That long short level of 47 is definitely not need to touch because its fundamentals are intact and got lot of project recently. so till now i am holding this stock. #PersonallyMyView
liveforwin
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@LovUAli, Thanks for sharing your knowledge.
liveforwin
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@LovUAli, Even I checked the projects, But those are not that big projects ?
PriceWorksIndeed
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@liveforwin, 700cr + project for jaipur smart city, 168 cr in consultancy project , 20%+ annual growth , no debt as of today, govt. Support real estate sectors with GST Cuts these are some +ve points. So until any -ve news not came in light it will be too early to called for short. Even listen expert over news channel .. they are expecting the price would be in three digit in next 1 year.
liveforwin
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@LovUAli, I don't believe TV experts, But I buy your points. I will watch this stock for the 2 days. I will see
PriceWorksIndeed
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@liveforwin, what i stated above is the fact with the best of my knowledge, i also not give much weight to TV expert. Agreed to hold ... its very likely to give bounce back ... as of now its also above 200 moving average. If you found any -ve news of this company or real estate ..then please share ..i may go wrong with my homework ...honestly i haven't found any -ve news yet . And let's not forget its Election time so anything can be possible .. have a good holidays ☺
liveforwin
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@LovUAli, sure I will.
liveforwin
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@LovUAli, Hi, No negative news till now. But less buyers (less demand)
PriceWorksIndeed
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@liveforwin, seems to make a channel of range 56-67