RML (RANE MADRAS) BREAKS 6-YEAR RESISTANCE TO TRADE AT NEW HIGHS
RML (RANE MADRAS) Made over a 6-year resistance breakout today on strong volume. Monthly vol is already higher than that of the last month. Its momentum (RSI), & relative performance to Nifty, both are strong.
On this monthly chart RSI is strongly moving above 60, and the RS Line is rising above its 52-week MA. If the momentum sustains the stock can make some strong up-move.
No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions in the stock market.
On this monthly chart RSI is strongly moving above 60, and the RS Line is rising above its 52-week MA. If the momentum sustains the stock can make some strong up-move.
No recommendation. Only personal analysis for educational purposes. Please consult your Financial Advisor for any buy or sell decisions in the stock market.
Raju KMS Datla
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.