Company Overview On Dayang

Masia_Trade

dayang

TECHNICAL OVERVIEW

 

In the yearly chart below, the stock can be seen making a base and taking a turn around from 1.00 region, which is acting as a support point as of now and 1.150 region acting as Pivot Point and the 1.250 region presumably be the next hurdle.

The volume in the stock has started to rise from the start of the year and can see improvement going ahead.

Dayand Graph

Dayang Plote

OVERALL VIEW

As per current technical Charts, the stock is currently trading near to its pivot region and may face a stiff resistance near the 1.200 region. With not so good fundamentals to support for now, One can wait a little more to enter the stock as it can test the immediate support once before again taking an uptrend in a mid to long term view in mind , the stock might show some progress going ahead as the company is restructuring its debts in order to increase its revenue.

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