CMP: ₹20.05 BSE Code: 532945
I have bought Shriram EPC Ltd 500 nos @Rs 36. What should I do?
- Sunil Nirmal
EXIT SHRIRAM EPC BELOW RS 19
Shriam EPC is currently trading at Rs 20.05. Its 52-week high/low stand at Rs 40.80/19.55 made on November 11, 2016 and August 11, 2017, respectively, depicting negative trend. Considering the daily time frame, the stock had attempted multiple resistances as well as rounding bottom breakout around Rs 39-40 levels in November 2016, but could not sustain and witnessed a gradual downbeat thereafter, which it has followed till today. Currently, the stock is trailing at its major support level and may take a support at Rs 19 level. However, the 14-period RSI negative crossover and volatile volumes suggest weakness. Hence, we suggest you to exit below Rs 19.