IF ONE CONSIDERS SHORT TERM TAX OF 15% ALSO, I FEEL IT IS WORTH FOR. AS THE FUNDAMENTALS ARE GOOD ENOUGH TO SUPPORT PRICE OF ATLEAST 560 XD. PLEASE COMMENT. AS FAR AS DELISTING (IF ANY) OF THE BUSINESS, IT MAY NOT BE IN THE NEAR FUTURE.
Blue Sky Zone breakout had occurred in good IT sector company: MAJESCO at Rs 770. Now, share is trading at Rs 876 after small correction. Good time to enter stock near 800-850 zone with stop loss of Rs 650. My First Target is Rs 1050 and my second Target around Rs 1150. Conservative Traders can book the profit at Rs 950 target. IT sector is already in boom like...
1.#MAJESCO Daily chart trading near the Life time high and made rectangle price pattern if the price sustain above 803.00 ,we can see up move towards 1020.00/1150.00 level as per the fibonacci extension of 138.2.8%/161.8% with the help of 730.00 support level (Daily candle closing basis) and when price move in your direction always trail your stop loss as per your...
from the chart we can see that the price is consilating at the all time high levels and a triangle pattern is also getting formed . if stocks gives a breakout we can expect 30-40 percet returns within 1 month. longs can be made above 806rs with 740 as stop loss
AS INFORMED IN THE POST ON 26 JUNE, THE PRICE HAD INCREASED UP TO 570 TODAY.
NEXT TARGET OF 580 IS LIKELY AS THE FACTORS ARE BULLISH.
MAINTAIN A PROPER STOP LOSS.
WATCH FOR TRADE LEVELS BELOW 551 AS THE PRICE MAY REACT DOWNWARDS.