padiyara

Power Mech Projects:₹440 Target ₹516 support ₹419.

Long
NSE:POWERMECH   POWER MECH PROJECT
10
Power Mech Projects: ₹ 440 is consolidating around, and may create a double bottom around ₹ 419.
Watch for a better quarter is a good idea, is to find reversal time in confluence with the other indicators, currently showing divergence in indicators. The sector under performance is highly affecting this scrip very pathetically, otherwise a good runner up with a ₹650 Cr market cap and ₹1360 cr sales stands still for the last 2 years with consistent gain, it is worth buying at this level. The previous quarters were poor. Hope there will be an improvement in sales and gains.
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