Punj Lloyd & IVRCL on another friend's Request

Punj lloyd is in down trend as can be seen in the chart. But for short term might take support at 88 level. One may be able to exit on the bounce up to 104 level. Clear up trend is expected only if it closes able 118 level.

IVRCL have fallen with lot of volume support and is likely to stay bearish. One must exit at any available opportunity.


Eclectic Investor said...

Punj Lloyd has a HNS with declining neckline. This stock is dead.

yagnesh said...

HNS is a reversal pattern for uptrend and one must look for it at the top of the channel and not in the middle of downtrend.