On the monthly timeframe the stock is possibly breaking out of the long term down trend. It is also breaking out in confluence with the resistance 69-76 levels.
Volumes are also on the rise.
On the weekly timeframe we see it sustaining above the down trend line and finally got a close above 76.
Now 69-76 shall act as a support and weekly close with a follow...
NSE:RAJSREESUG
cmp 71.40
heading towards 120
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is...