Mahanagar Gas did give good rally in last two days. But if we look on the very short-term timeframe, then 1700 is the resistance mark for the stock. 1680 to 1700 is the supply zone. Until that is not taken out, excess supply is not absorbed, stock would face hurdle and hiccups in giving a one-way rally.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of