amankavi

Rishiroop (Investment stock) - Macro factors

Long
BSE:RISHIROOP   RISHIROOP LIMITED
Scrip can correct and show minro pullback as it had seen sudden surge although would be good oppurtnity to invest at support levels with double bottom

Rest in charts.

Bullish momentum sign
1) RSI indicator rising (sudden surge)
2) Promoter holding on higher side
3) MACD bullish crossover
3) Research report shows conviction of growth in the company which is also seen in recent quaterly results
4) Fundamentally sound company which has shown great results with progressive rise in PAT YoY basis, zero debt
https://www.screener.in/company/526492/

Aiming towards TP- resistance zone and beyond thereon after entry confirmation until the scrip sustains above support levels.

SL as per risk appetite

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