Punj Lloyd looks good on the charts: Deepak Mohoni
Punj Lloyd had that massive move 2 days back. Yesterday it reacted, today it has gone into a narrow range for the last one hour. Today it has gone into a narrow range for the last one hour.
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| Updated: Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now, shares views on Infrastructure sector
Infra companies, anything on the charts that looks exciting to you?
From a very short term perspective, possibly Punj Lloyd. It had that massive move 2 days back. Yesterday it reacted, today it has gone into a narrow range for the last one hour.
So this is a potential breakout which could maybe not be good for a move like we saw day before yesterday but could be 2-3% which is pretty decent for a day trader.
PB Infra has fallen from almost Rs 100 to Rs 60 in less than 2 months and today’s move is just a one off or it has started maybe a day or 2 ago. So not reliable enough to invest into it but it could be of short term interest.
Infra companies, anything on the charts that looks exciting to you?
From a very short term perspective, possibly Punj Lloyd. It had that massive move 2 days back. Yesterday it reacted, today it has gone into a narrow range for the last one hour.
So this is a potential breakout which could maybe not be good for a move like we saw day before yesterday but could be 2-3% which is pretty decent for a day trader.
PB Infra has fallen from almost Rs 100 to Rs 60 in less than 2 months and today’s move is just a one off or it has started maybe a day or 2 ago. So not reliable enough to invest into it but it could be of short term interest.
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