Punj Lloyd- Exit to re enter at Lower level

Though Infra structures may have a good days in long run but this stock after falling belw 285 level significanty looks weak on chart, it is wise to utilize this volatility of market and sell this stock to re enter at lower level.
FUNDAMENTAL ANALYSIS:-
The company has a market cap of more than8.110 crs with a P/E of 28.55 and EPS of 9.37. The company has lost significant amount of capital during this week and now looks week. Though order books are filled but to execute a huge debt is required and seeing the banking sector it seems a difficult task in near term. The market-wide correction has seen the stock correcting to a lowof Rs183 in July 2008. Thereafter, it rallied to a high of Rs317 in September 2008.
TECHNICAL ANALYSIS:-
The daily MACD is exhibiting negative divergences along with a crossover sell signal. This suggests that the trend is weakening. Abreak below Rs260 levels will see the stock correcting for potential target of Rs230 and Rs210 levels. The stock has been consistently closing below its short and near term averages for the past few sessions which suggest that the stock is set to break below the 260 support levels.
Days BSE NSE
30 290.10 290.05
50 285.06 285.04
150 295.49 295.48
200 339.04 339.10

ADVICE TO INVESTORS:-
It is recommended to traders to sell the stock at current levels and on rallies to resistance of Rs276-280 levels for target of Rs210.
TARGET:-
Based on above analysis targets estimated to re enter are
i) Short term – 255-260 Rs. for positional traders with stop loss of 288 Rs.
ii) Medium term – 205-210 Rs. if it breeches 260 significantly.
iii) Long Term –Buy at 210 or below level for a target of 350 Rs.

Note: - All above views are mine and before investing investors should apply their con sense and do it at their own risk.
HAPPY INVESTING