IS IT RIGHT TIME TO INVEST IN THIS STOCK ?

IS IT RIGHT TIME TO INVEST IN THIS STOCK ?

With a US $6 billion asset base and US $4 billion revenue, the RP-Sanjiv Goenka Group is one of India’s fastest growing conglomerates with a significant global presence. The Group’s businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, and agriculture.

DR RP Goenka has been regarded very highly for his keen business acumen and his expertise in strategic takeovers. But he has stated that he always did his business dealings more with his heart than his mind.

“I HAVE NEVER LOOKED AT THE BALANCE SHEET OF ANY COMPANY I TOOK OVER. IT WAS PURE GUT-FEEL AND I NEVER WENT WRONG. THE MOMENT I IGNORED THE GUT REACTION, I MADE A MISTAKE.”

CMP : 1520 (23.03.2021)

52 WEEKS HIGH/LOW : 1747/ 185 As on 23.03.2021 .

TARGET EXPECTED : 1800 to 2800 .

Time Frame : Short Term – 15 DAYS – 6 MONTHS

BASED ON TECHNICAL CHARTS OR INDICATORS .

As per Technical Charts its Clearly Indicating New 52 Weeks High it Might Crossed in Short Term Itself .

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