VASCON ENGINEERS LTDОбновлено

Vascon Engineers Ltd - On a Rally mood

Vascon Engineers Ltd is an engineering company engaged in real estate. Hospitality, manufacturing with an operating revenue of more than 700 crores . Stock is now in a rally mode with its 52 week high. Stock is now testing it's 3 year long resistance trend line. If it breaks then a 100% move can be expected in 3--6 months time. It's also can be considered as a long term bet. Momentum is also very strong now. Company declared an interim dividend recently. Roce & ROE also improving comparing to previous years.
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Have support @ 52-56 levels. Will bounce back from the support line.
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Good going

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