Maharashtra Seamless shares zoomed 15% today; what technical analysts have to say
Maharashtra Seamless Ltd shares surged 15.39 per cent on Thursday to hit an intraday high of Rs 769. The stock eventually settled 11.21 per cent up at Rs 741.15. At this price, it has slipped 19.14 per cent in the calendar year 2024 so far.
The stock saw high trading volume on BSE as around 6.03 lakh shares changed hands today. The figure was way more than the two-week of 15,000 shares. Turnover on the counter came at Rs 44.44 crore, commanding a market capitalisation (m-cap) of Rs 9,930.79 crore.
On technical setup, a series of support could be seen at Rs 710, followed by Rs 700, Rs 690 and Rs 667 levels. Resistance on the counter may be found in the Rs 770-840 range. An analyst suggested booking profits at current levels.
Osho…
