GVK POWER

GVK POWER - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG


GVK Power is very weak in the short term. If it breaches the support of 40,get out of this stock. For an uptrend to be established it will have to cross 45 and even if it does, it will get stuck at 50. Essentially a range bound stock making it difficult to make money. But given that it is falling on falling volumes shows a lack of interest in the stock and the odds are it will drift below 40
 
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