Pls be cautious while buying it. Try to have short term view, do not by it after 15/- for long term. It seems like now everything is being bit overvalued to buy so players are rising its price on some improvement in its current financial scenario from last year. I not pessimistic on it but still do not gain that trust of having so many years of losses to be convert in future gains and will repay its at least 40% of all debt & loan in upcoming 2-3 years. If this sector gets more competitor in coming year which is likely then it will be very hard for it give more return in years ahead.
For short it resistance at 17 to 18 price.
If it still plays and go further then 22 to 24 to be height for it. Still goes beyond 24 then either management doing something great or some mehta sab has bull eye on it.
Now its range has changed from 12/13 to 17/18 price looks like this.
Any investment made.... pls do not hold in it for fundamental & do exit on time as per your TA.
For short it resistance at 17 to 18 price.
If it still plays and go further then 22 to 24 to be height for it. Still goes beyond 24 then either management doing something great or some mehta sab has bull eye on it.
Now its range has changed from 12/13 to 17/18 price looks like this.
Any investment made.... pls do not hold in it for fundamental & do exit on time as per your TA.