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  • Deepak

Prince Pipe - IPO Funda

Daily Chart - References

Post IPO High at 196.65, low made at 75.5

When a stock makes a come back after going low post a new IPO listing, it usually goes up by the same amount by which it went down.

Most stocks which see such lows do not even come up, when such action is seen, it gives a strong impression of things going well in the company.

By the above method, we can allocate to this stock with expectations of 196.65 +121.35 = 318

You should do your due diligence before entering into such trades.

Disclaimer - Above post is for education purpose only.

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