The Phoenix Mills503100Real estate, retail
Analyst gave technical levels for Phoenix Mills, suggesting waiting for a breakout before adding shares
By ScoutQuest · · 1 min read
- Current holding price
- 1960 rupees
- Support level
- 1835 rupees
- Corrective downside level
- 1700 rupees
- Resistance level
- 1940 rupees
Heard on business television between 11:13:42 - 11:16:42 IST.
- Viewer Mano from Mumbai holding Phoenix Mills at 1960 with 10 shares asked whether to add 20 more shares.
- Analyst said the chart structure is sideways for the counter.
- Suggested waiting for averaging on the lower side near 1835, a strong support and the 200 EMA; a breach could see a corrective move to 1700.
- On the higher side, 1940 is immediate resistance; crossing and holding above it could trigger further upmove, and buying on breakout was suggested as more profitable.
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