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...
📊 Details
Rajshree Sugars & Chemicals Limited was founded in 1987 by Late Shri. G. Varadaraj. Initially, he set up a sugar factory in Theni, Tamil Nadu. Currently, it is engaged in the business of sugar, industrial alcohol and Power cogeneration activities.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered...
RAJSREESUG:- breakout of rounding bottom pattern, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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