RAJESHEXPO at great price to accumulate
Updated
RAJESHEXPO price is trading at below 200 SMA and available at a demand zone as per SMC strategy.
Stock has not given any significant returns after increasing its profits and revenues by 1.5x
Heavy volume transactions are observed in 500-600 price range which is a good sign for accumulation.
Short term target is next resistance line 615.
Range bound trading set up is also getting formed with a long term target of 950.
Stock has not given any significant returns after increasing its profits and revenues by 1.5x
Heavy volume transactions are observed in 500-600 price range which is a good sign for accumulation.
Short term target is next resistance line 615.
Range bound trading set up is also getting formed with a long term target of 950.
Trade active
More positions can be taken as there is a bullish engulfing candle formed on 26th Oct. Next day closing is also higher than 26th Oct.
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