why will you short a totally nearly listed Fundamentally one of the most undervalued at 3500 m cap stock like that i knew it will never be found in 150-160 range but it is beyond me how some people think technicals are everything. this stock is going 200 1st and closing above 200 will signal 250 targets by the next 2 months. my long term target is 450 for Maddock considering the 54000 crore mammoth order book and growth roadmap of the stock
TRADEWITHFUN247
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@Kakerot, technically it is looking weak below the support (for short term) .undervalued stock may tend to remain undervalued , Overvalued stock may tend to remain Overvalued till when we don't know. If it is giving us sell why should we hold. ?
Technical analysis do not include orderbook cash flow or PE It is simple if support breaks than stock become bearish if try to bounce back from support than you can place stop loss below support and hold the stock.