after major correction of the 45-degree angle of slope suggest good correction, not a panic sell-off .
buy -219 only with small quantity as it is early trade
stop loss - below 219 if sustaining below
target - 158
Chart Analysis for you to track.
Note - For educational purpose only.
I don't provide paid calls or stock tips.
And that's why -
- No SL
- No Target
- Just a picture depicting the story.
Use it, if it's Insightful. Ignore otherwise.
yellow line line is the resistance...
the stock touched this line first time in 2012
made many unsuccessful attempts in 2015....but failed...
this month again the stock closed right at the line....
i am of the opinion that the stock will break the resistance next month.......my reasoning is based on following....
RSI is above 70 for the first time in the stocks...
Responsive Industries Ltd. engages in the manufacture and sale of polyvinyl chloride based products. Its products include vinyl flooring, printed flooring and leather cloth. The company was founded on July 13, 1982 and is headquartered in Thane, India.
NSE
