LONG QUESS CORP @ CMP : 880QUESS CORP Forms an integral part of IT contractual and permanent hiring and other HR on boarding process in INDIA. Current fundamental situation of covid unlocking in INDIA, will push this section of business at least 2 folds. Glimpse of which is clearly visible in current and previous earning report of QUESS CORP.
Technical - QUESS CORP Volumes suggest accumulation as per higher time frames, Current channel positioning suggest a breakout towards 52W high price. Buy Quess corp at CMP (880) for short term targets of 980/1050 (1-1.5 months) and long term targets of 1240/1500 (8-9 Months). SL - below 800 (CLBS).
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INTRA-DAY LONG on MFSLMFSL is in prolonged up-trend. Stock has breached it's all time highs and will continue to rally up before taking a halt.
A general behavior of stocks trading at ATH is the continuation of trend rather than correcting.
Hence my bias is on the upside.
Chart speaks for itself. Buy above 688 for the targets of 700, 707,715 with SL at 683.
688 has acted as resistance recently and is an important level to track for initiating a buy.
NOTE: These are my personal views. Trade at your own risk.