My friend has bought 2000 quantity of share of arss@66 average.
The very next day intraday is stopped in arss infrastructure.
When arss will allow intraday?
What is the time period for arss to reach above 70?
Whether he should exit right now or hold it?
should he average below the current price?
What will be the expected low arss range it will make?
Hope your suggestions will help him.
ARSS monthly charts:
It could get weak if it breaches 50 levels on the downside. Maybe someone can give u a better view of it.
On short term chart of arss infra , gap up being corrected , may bounce back up to 70 but on long term chart from last 5 years arss is on consolidation/ in a range trading. On short term it may trade between 40-50 on lower side 70-80 on up side . if somebody is holding this stock , can wait up to next quarterly result day. and also promoter holdings being increasing. I would like to caution that Arss Infra was a tainted / related to erstwhile scamster " Satyam computer " promotor Ramalingaraju family , beware of this while buying this stock
at present Arss Infra is in BE ( trade to trade ) segment so daytrade is not allowed
