Between April fourth and April twenty third 2014 Rakesh Jhunjhunwala bought 40 lak shares of Prakash industries in range of Rs 59 to 68 per share .The stock then spiked to Rs 123.However after a dismal performance in couple of quartes the stock has tanked to Rs 29.Now cmp is 32 (50% below his buying rate).As per the charta A price drop below 29 ncan drag prices further downwards to 20 and then to 17 .
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