SJVN
CMP 31.15
We somehow don’t like these kind of volatile stocks where there is so much up and down. No clear wave count and so much gyration in different stages.
We prefer the charts where clear trend is visible.
As far as future Capex is concenrned, we feel that it may be good for the company but it might prove counter-produtive for its investors as medium term cash-flow would be impacted.
(Your chart has no moving averages as well as no visibility of trading ranges break-outs – deciding stages without these is not prudent)
As per our reading of its chart, we see more pain as well as anxiety for its investors.
Weekly Chart
Disclaimer :This post is just a for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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