SHIVALIK RASAYAN Breaking Multi-Year Downtrend Resistance
The stock has decisively broken above the multi-year downtrend resistance line near 700, indicating a strong bullish reversal. This breakout is backed by substantial volume, signaling significant buying interest. RSI is at 61, showing strengthening momentum with room for further upside. The next target zones lie around 800-850, provided the breakout sustains. The strong base at 500 has acted as a springboard for this rally. Continued price action above ₹700 with rising volumes will confirm the bullish trend. This marks a key turning point for the stock.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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