Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
as can be seen, the stock has shown retracement to breakout levels.
on the weekly scale too, the stock has shown a breakoutm with volumes, plus sustaining above the breakout levels.
any bounceback in the general market )which i am expecting on tues/wed will see this stock rising exponentially.
however, as per my personal rule, i would be playing for a 10 percent...
SJVN looking good for pullback idea ,spiked in volumn , suggesting big invester enterred , and not participating in fall , as volume is very less while comig down
SJVN Ltd ( PE :6.97)
CMP: 29.35
Buy Range:28.75 to 30.25
Upside Target: 31.4, 34.85, 37.75, 40.05
Support Level: 28.75, 27.10
Good Luck!
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**Disclaimer:
I am not a SEBI registered consultant/Advisor....
SJVN is engaged in the business of Electricity generation. The company is also engaged in the business of providing consultancy for hydro-power projects.
MARKET CAP : - 11,161 CR.
STOCK PE : - 6.77
DIVIDEND YIELD : - 7.75%
FACE VALUE : - 10
Stock is trading at 0.90 times its book value
Company has been maintaining a healthy dividend payout of...
