Price is god in market. No doubt. But Same price cannot rule again and again. There are So many sentiment meter as market thinks. But stock market guys generally consider past price movements at Same levels and expect exactly Same thing to happen. Means if stock is rising steep. Experts expect 52 week high as target or any nearby high as target. Same for Gitanjali Gems. Right now It is trading near 45. And people were expecting 55 to come soon because It has came in past. But after applying few Daily Moving averages over chart, I found out that 100 DMA is a good resistance and it's gonna be a big hurdle for stock to cross even 50. Chart should tell you what's going on around
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