If it gets broken then next supports are 19600 to 13200
Surpassed previous high of 277. Currently facing selling/profit booking at 290. If it sustains above 277 in near term, anticipating 329 by end of the year.
Original analysis and target at
At least that's what it looks to me.
In a big consolidation period. Final approval to sell acres of land to BPCL at 390+ Cr, the current debt on 190 odd Cr will vanish in no time. What a time to enter!
With 19 Rs dividend and 1:1 bonus share, it did breakout above 400 last weeks, but given the market correction, 400 might be a good re-entry point for further upmove
Are there more fall expected? We will have to wait for Monday to know!
Hit a Major support level, if it breaks down on Monday, more downfall on the cards!!