DQ Entertainment has shown a vertical fall: Ashwani Gujral, Market Strategist
DQ needs to cross above 86 to get into any kind of an uptrend.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about DQ Entertainment and Everonn.
Have you looked at the charts of a DQ Entertainment or an Everonn?
DQ has shown a vertical fall. So I would not go too much with today’s bounce back because some of these stocks have low liquidity as well. DQ needs to cross above 86 to get into any kind of an uptrend.
Talking about Everonn, all of these education-related stocks are theme stocks. They are something like infrastructure where may be people are not too satisfied. So 550 is a key support here, key resistance and it needs to get past 550 to regain strength. Everonn over a period of time, you will get it around the 380-400 type of zone.
Have you looked at the charts of a DQ Entertainment or an Everonn?
DQ has shown a vertical fall. So I would not go too much with today’s bounce back because some of these stocks have low liquidity as well. DQ needs to cross above 86 to get into any kind of an uptrend.
Talking about Everonn, all of these education-related stocks are theme stocks. They are something like infrastructure where may be people are not too satisfied. So 550 is a key support here, key resistance and it needs to get past 550 to regain strength. Everonn over a period of time, you will get it around the 380-400 type of zone.
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