BYKE hospitality ltdBYKE Hospitality Ltd
Technical simple analysis by SourabhKumar singh for chartradearn group .
BYKE Hospitality Ltd is currently trading at ₹52.05, with a 52-week range of ₹49.50 to ₹103.80. Here's a quick technical analysis:
- *Support Levels:* ₹45 (possible rebound zone from 61.8% Fibonacci retracement)
- *Resistance Levels:* ₹56 (potential barrier to price appreciation)
- *RSI:* Monthly RSI at 43, watch for reversal near 40 on daily timeframe
- *Trend:* Uptrend since 2020
*Key Points:*
- Watch for reversal possibility in the ₹45-52 range
- High volumes on green candle in daily chart can signal reversal
- If ₹52 is breached with volume, potential targets are ₹64 and ₹71
