MAT­RI­MONY

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Can I buy shares of Mat­ri­mony at cur­rent lev­els?

AVOID MAT­RI­MONY.COM LTD FOR NOW

Mat­ri­mony is cur­rently trad­ing at Rs 850. Its 52-week high/low stand at Rs 1025/Rs 775.35 made on Septem­ber 21, 2017 and Septem­ber 28, 2017, re­spec­tively. Since be­gin­ning, the stock has fallen nearly 24% in three con­sec­u­tive ses­sions and it has then seen con­sol­i­da­tion till date. Mean­while, the stock at­tempted to move up­wards but faced re­sis­tance at 38.2% re­trace­ment level of the prior down­ward rally. Even above Rs 881, the stock may surge up to Rs 904-932 lev­els in the first place. The vol­umes are low and the 14-pe­riod RSI is quot­ing at 45 re­cov­er­ing from 39 lev­els. For now, we sug­gest you to avoid en­ter­ing the stock.

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