ROSSARI BIOTECH looks good from chart.
Stoploss and Targets are given in chart.
It is also a good swing trade which is taking support near 44ema.
Should Plan trade with proper risk management.
NOTE : It is just Technical chart analysis of ROSSARI. No idea about company fundamentals.
Rossari Biotech has given a breakout of horizontal resistance of around 890-900 is sustaining above it.
Stock is looking attractive for good reversal and might reach its ATH in medium term if broader markets are supportive. However, there is an immediate resistance near 1000 as well.
As we have seen this week, there are lot of global tensions leading to high...
In this weekly chart it seems wave (a or i) is completed at 904 and wave (b or ii) formed a WXY(double zigzag corrective) pattern and made low near 61%. So there is a possibility that wave (c or iii) is already started or it may start soon and this stock may bounce in given range in chart. Its again a good long term investment stock which is available at lower price.
Hey there i am sharing my spot trading levels for the rossari biotech
In my opinion it has some great potential for the bigger profit in one year
BUY IT IN THESE LOW LEVELS
NOTE= I AM NOT A CERTIED SEBI FINANCIAL CONSULTANT ALL THESE LEVELS ARE BASED ON MY OWN TRADING EXPERIENCE
ROSSARI BIOTECH looks good on the charts. About to hit a long term trend which has been a very strong suuport for the stock earlier. Fundamentally, the stock is pretty good and is making it's highest ever profits. With an ROCE=28% AND ROE=23%, it certainly is one of the best among it's peers. Good growth as well. I don't see any reason why it should not regain...
Rossari Biotech is a fundamentally strong company and today it has tested its support level. The stock can give good gains from here if the support is followed. Keep on your radar.
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick...
Rossari Biotech is a fundamentally strong company. The stock has always been taking support at 50ema on daily chart. Seems like an ideal time to go long!
