Keep An Eye - Consolidation Zone - QUESS 📊 Script: QUESS
📊 Sector: Diversified
📊 Industry: Diversified - Large
Key highlights: 💡⚡
📈 Script is trading in consolidation zone at support.
📈 Script has to break either resistance of 640 or support 620 make it or break it.
📈 Keep An Eye on stock for Breakout or Breakdown.
⏱️ C.M.P 📑💰- 626
⚠️ Important: Always maintain your Risk & Reward Ratio.
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QUESS
Few more hurdles and Quess will not be a Question mark.Quess Corp Ltd. is one of the leading business service provider in India. They provide technology enabled staffing and managed outsourcing services across processes such as sales and marketing, back office operations, manufacturing operations and many more. The company operates in four main business verticals: workforce management, operating assets management, global technology solutions, product led businesses. Quess Corp CMP is 433.75.
Negative aspects of the company are high valuation (P.E. = 27.9), declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. Positive aspects of the company are low debt, promoter holding increasing and zero promoter pledge.
Entry after closing above 445. Target of the call will be 462 and 489. Long term targets in the stock will be 542. Stop loss in the stock should be maintained at closing below 398.
Quess Corp- Rising Investor ParticipationQuess Corp has given a breakout at 537 with delivery volume reisen by 120% against 5 day avg delivery volume. Gained 7% return for the last 3 days and alomost 17% return since Dec 9. I would look for the opportunity to enter at 540-545 level with Sl around 530 and a target 580-585. Possibly, the stock might restest back to breakout level which is again a good entry level for positional trade.