marg ltd stock price forecast report
marg ltd stock price daily chart analysis
marg ltd stock price last closing was 49 with loss.hit fresh 52 weeks lows.on daily candlestick chart stock is in absolute down trend and trading below all averages.indicators are oversold and still bearish at bottom.
in dec stock hit high at 75 and now trading below 50 so almost lost 35% in prices in last 10-15 days!!
here fall may continue as picture on chart but any reversal comes then target will be 60 from short term perspective.
marg ltd stock price weekly chart analysis
marg ltd stock on weekly chart is in absolute downtrend and with very bearish momentum.on weekly chart shows that stock is trading at 2 years low.on chart 70 is 6 month average,then 78 is 12 month average while 83 is 24 month average.
if any reversal comes here we may expect medium term target at 80 with months time frame.
marg ltd stock price monthly chart analysis
marg ltd stock on monthly chart also in absolute downtrend since 2010.after falling below 150 stock never touched that level again in last 3 years.on monthly chart signals are very bad and in long term fall may continue.on chart we can see stock hit low of 27 in 2008 crash and that may level we are look for long term.
here for long term if reversal comes from support levels then expect 121 as target level with years view.which is 100% return from current level while from 27 level it will be 300% return.
marg ltd stock price historical chart analysis
marg ltd stock started journey in 2005 with price of 6.3 and hit all time high in 2007 bull market at 603 which was 100 time multiple or almost 10,000% return in 2 years.in 2008 crash shown lows of 27 and then again highs near 236 in 2010.so in 2 years again 1000% return.
marg ltd stock price performance analysis
marg ltd stock in underperformer for 2012 and lost almost 40% in price.while as compared to index it will be –65% return as index rallied 25%+ till date.so clear loser.
marg ltd stock price outlook and tips dec 2012
marg ltd stock short term target will be 60 if any reversal comes with weeks time frames.
medium term target will be 80 with months view and long term target will be 121 with years view.we picked this stock for analysis as it is trading at pe of 2 and PB of 0.3%.