breakout with good volumes always provides confidence...but when there is a big move it is followed by some pullback or consolidation ( remember nothing is 100% foolproof1!!)..i usually watch what the stock does after a big move..it could also keep moving up..keep watching..targets marked...Suprajit as a company has EVOLVED & ADAPTED nicely over time, so i would keep it on my watch list.
Comment
⋅
moved another 7.6% today..with bigger volumes than yesterday...could pullback after making back to back big moves..
@SathyamurthyRamanujam, hi have invested at 460 range. May I know what Wil be the short term target
Panchalk
⋅
@meenasridhar2018, the short term target right now would be 511. let us try to understand this in proper perspective - what we can see is that Suprajit did try to make a move in the last trading session but because the broader market is in a bear grip it fell...the red candle shows rejection from 470 levels and a pullback..the volumes still are not big for the red candles so there is still hope for it to make it to 511. But how long it will take is anyone's guess...the FII's have been selling hot and heavy...25000 crores this month, and almost same amount last month so until they don't stop selling we will see more downside
meenasridhar2018
⋅
@Panchalk, hmm ok sir. I think it's better to hold for long term