PHILIPS CARBON BLACK - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
The stock is in a state of collapse. If it drops below 200, its next resistanc is 180. I doubt it will stop there. It has a strong resistance at 140. You see in stocks like this there is no volume. Which means any motivated buyer or seller who places an outlanding order (lets say buy 5 lac shares) can either take a stock to a upward or downward freeze
Such stocks then, don't make for good trading plays because you are at the mercy of whoever tries to muscle the stock
Avoid.
http://www.ashudutt.com/
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment