​Quess Corp Ltd
NSE :QUESS   BSE :539978  Sector : Diversified

Quess Corp Limited share prices dropped 2.95% on Tuesday’s trading session and closed at 823.05. V-Shape recovery has been seen in stock from low of 165 on 20th May 2020. It has seen a rise of 658 per share in a short span of time.

Stock on weekly time frame chart it shows strength as its trading above 10&20 Weeks Exponential Moving Averages. We plotted Fibonacci Retrenchment level on a weekly chart and have observed stock has rebounded and now taking halt at 61.8%. Once stock closes above 868.40 we may see stock testing levels up to 1059.60. On the lower side 800 to 815 is immediate support for the stock.

We recommend to accumulate stock at current level for the target of 1059.60 with stop loss place below 734.10 also once stock closes above 868.40 add more quantity i.e. pyramiding can be done.