Gitanjali Gems Ltd:
Face Value Rs 10 Dividend 30%
The stock gave a break down from the current up trend and is about to touch the medium term trend line. Even the promoters buying from the open market was not helpful to sustain the recent price movements. But the positive sign is that the promoters like last time have come for rescuing of the stock. Stock movement for next couple of days will be interesting to watch. In absence of any major trigger and prices falling below 321 on closing basis coupled with lack of further buying of promoters from the open markets can make stock test the levels of 300-260 might be lower as well.
Face Value Rs 10 Dividend 30%
The stock gave a break down from the current up trend and is about to touch the medium term trend line. Even the promoters buying from the open market was not helpful to sustain the recent price movements. But the positive sign is that the promoters like last time have come for rescuing of the stock. Stock movement for next couple of days will be interesting to watch. In absence of any major trigger and prices falling below 321 on closing basis coupled with lack of further buying of promoters from the open markets can make stock test the levels of 300-260 might be lower as well.
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