PSP Projects Limited is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. The company mainly offers construction value chain and provides end to end support in construction activities.
PSP Projects CMP is...
perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
Technical: Given breakout from Monthly time frame and PSP is ready for entering into new zone. expecting a bullish movement till 1050.
Fundamental: As they are having lots of INfra Projects on hand, Growth is expected in this company.
PSP Projects: A directional move from 475ish to 650ish is to register multi-year BO. Positional investors do not miss opportunity of Pyramiding in case of any correction towards 600 as pattern target is 720 - 850.
PSP Projects: It is already moved from 493 to 560. Now it is awaiting a fresh BO above 563 - 565. Its Short term Tgt - 600 & Medium term Tgt - 650/660. Keep eyes.
PSP Projects - 3 attempts made to cross ATH. It did cross on 3rd one, but did not sustain at all. Making one more try. 590 needs to be surpassed for a week with volumes. Once crossed ATH, looking for another 30% upside. Took a tracking position around 510. Will pyramid above 590. SL for this trade is 460 for now.
DISC: Not a SEBI Regd. I post charts for my own study.
Stock is ready to give breakout above 540. one can buy for swing trade with the stop loss of 540 and a target of 585-600 based on the trail stop loss method.
Thank You
Note: Levels depicted on chart are for study and educational purpose only....
it is always prudent to take decisions in consultation with certified Financial advisors....
