One of the most beautiful chart which I've ever seen #Observation
Open this chart in Monthly | Weekly | Daily Timeframe and see the patterns and volume in each timeframe.
RISHIROOP trade ideas
Rishiroop (Investment stock) - Macro factorsScrip can correct and show minro pullback as it had seen sudden surge although would be good oppurtnity to invest at support levels with double bottom
Rest in charts.
Bullish momentum sign
1) RSI indicator rising (sudden surge)
2) Promoter holding on higher side
3) MACD bullish crossover
3) Research report shows conviction of growth in the company which is also seen in recent quaterly results
4) Fundamentally sound company which has shown great results with progressive rise in PAT YoY basis, zero debt
www.screener.in
Aiming towards TP- resistance zone and beyond thereon after entry confirmation until the scrip sustains above support levels.
SL as per risk appetite
Rishiroop - Investment Stock!This stock is having steady growth. From October 2016, price is moving upside from 30 points to 60 points level which is double of the stock price. I expect this stock to gain 30 to 40 points in 1 to 2 years. Always consult your financial manager before investment.
