The support is Broken ... So what will be the future of this stock?
In power Mech: we are at mid heaven now. No strong support. The sector is under performing, so one cannot expect a strong reversal here soon, but definitely the trend line will support, around 360.
Many people assume that if the price of something is ₹10 and they have 1,000 of that stocks , they should expect to be able to sell them for something around ₹10,000. Such an assumption may hold much of the time, but it doesn't always. Worse, the cases where it fails to hold are often those where it would be relied upon most heavily. Such an ...
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 ...