The stock has broken out of the pattern with very high volumes.
Looks likely to cross its 52W high soon for targets of 560 and 595.
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The lines are marked and its easy to identify the resistance and support here.
Disclaimer: Not a recommendation but only for understanding how to read the charts
PSP projects gave a strong weekly closing with explosive volumes. Approaching a strong weekly trendline running since long. Can be a good potential swing long trade above 531 on closing basis. Follow a strict risk management.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
This Stock Has Taken Support At Trend Line It Can Continue To Upper Trend LINE . ONE CAN TAKE SWING TRADE , FOR LONG TERM THIS IS BEST STOCK Debt Free Company Good Earnings , All The Constructions Related Company Are Booming Due To PM MODI Inaugurates Multiple Projects In Gujrat , This Company Is More Focused In Gujrat Region .
TECHNICALS
BUY :- 440/450
FIRST...
Weekly and Monthly MACD crossover may help to reach the target level. Indicators are showing positive signals on weekly chart. Safe traders: Buy after breakout on closing basis.
Vijayaraghavan.K,
Kovilpatti,Tuticorin Dist.
Psp Projects lying at a good support of around 450. Level has acted as a good support and resistance zone several times. Bounce back expected. Between 450 and 400 range, if any further fall 400 will will act as a strong support. Upper side levels can be 500 in short term and further 550 and 590. Seeing the rally in reality sector can be a good bet.
Above mentioned...
PSP Projects Ltd. engages in the provision of construction services. The company involves in planning and design to construction and post-construction activities to private and public sector enterprises. It focuses on the industrial, institutional, government, government residential, and residential projects. The company was founded August 26, 2008 and is headquartered in Ahmedabad, India.
NSE
