In this monthly chart of Rajesh Exports bigger wave (1) is completed and wave (2) also retraced around 70% as an Irregular correction and currently it may forming bottom and can bounce again as wave (3) in upcoming months and years...So its a stock for those who likes Buying from bottom and stay invested for Long Term...
Rajesh Exports is attempting a breakout after years of consolidation. Keep a stop loss at Rs. 815 and go long in this share. Fundamentally there has been a big news, let me explain:
Rajesh Exports Ltd (REL) has announced that it is foraying into Advanced Technology Solutions with a focus on Energy Storage Solutions.
REL has informed that has been selected by the...
Kindly refer the chart for trades
Rajesh exports is into manufacture of gold and gold products.
Goes by the name SHUBH jewellers.
Has taken a good support from the levels of 518.05 and is moving in the right direction so long term traders can make use of levels as targets from CMP and use level below support area as stop loss.
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Feedback is...
NSE:RAJESHEXPO is in correction phase, but if it manages to breakout of the channel drawn in the chart with good volumes and retest the upper channel, this view might change. But until it doesn't do that, the stock will have a chance to revisit the 52W Low again.
Export business has been got into halt not destroyed so can expect a good move from its support if traders gets activated
Do have a stop-loss
Trade and peace out
