If the correction happens which is most likely we may see support near 9200 levels thus allowing fresh investors enter in the markets.
A ladder is made up of rails and steps so to reach new highs each step should be completed for the next big run.
So technically if the correction happens the next support is at 9200
The stock has a multiyear support at 24 which will form the base for the next rally if Nifty is in uptrend if this support is broken the next support will be at 20 levels.
Once can accumulate the stock for long terms and keep adding on dips the stock is in strong uptrend and has good potential owing to its exposure to Patanjali which is doing too good.
Poona Dal and Oil Industries Limited is an India-based agro-based company. The Company is engaged in the business of manufacturing and trading in edible oil and pulses. The Company operates through two segments: Oil Division and Agro Division. Its Oil Division includes oil, by products and others. Its Agro Division includes pulses, processed pulses, processed ...
I believe Marksans Pharma has the potential to give good returns in long term.
The stock gave great results on QOQ basis with from a loss of 8 lakhs to a profit of 14.5 crore thats good on every scale.
The only thing that concerns me is the P/E ratio which is way above the Industry average of 20.
**Credit Rating for Marksans Pharma ...
260 is a very strong support and one can expect the fall if any to continue to that level but if the stock enters the channel we can expect a reversal and the stock can give a lifetime breakout above 290 and lifetime breakout above 305 so one needs to keep an eye on this stock.
If the stock takes support in the support zone we may see some upmove for 60 levels but if the support of 54 is broken we may see 45-50 levels in IDFC bank owing to weak results and failed merger news.
The stock of Just Dial appears interesting and is at support levels we may see a recovery soon. The app has gone recent transformation and introduced pay feature which will be beneficial for the company in long run. Available at decent valuations. No strong technical indicators though RSI indicates highly oversold
The stock has shown good movement in last week and is nearing oversold we may see a momentary correction for 260 levels. Markets near lifetime high and sharp correction seen in Bank Nifty may also pull down the share. Long term 300 targets intact.