Panchalk

Steadily Moving up from Support

Long
Panchalk Updated   
NSE:GAYAPROJ   GAYATRI PROJECTS
Gayatri had taken a support at 8.50 Rs last year and moved up steadily to 36.7 in 1 year. last time in 2013-14 it had started moving up from precisely that level. Support and resistance levels marked.
Targets are shown as blue horizontal lines. Most importantly the trading VOLUMES HAVE BEEN SIGNIFICANTLY HIGHER..so that is a positive sign
Comment:
Bear in mind that this is a micro cap. Market cap is just 636 crore. So trade sensibly with small orders. This is an idea. Do your own research before trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.