Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in MEGH .
“MEGH is strong on daily Charts & bullish cross over in KST and strong numbers at ADX shows strong movement a head, therefore I suggest traders to go long above 102 with a price target of 106 & Stop loss should be placed below 96”
Stock has been gaining for the last 6 days and has risen 26.25% in the period & Outperformed Sector by 10.05%.
Vol has risen by 337.13% (Vol compared with 5 day avg vol till 04:00 PM)
Company has good consistent profit growth of 92.34% over 5 years & reduced debt in previous years.
MEGH was closed 9.89 per cent up today at 98.85 NSE.