Rishabh Instruments cmp 394.35 by Daily Chart view since listed*Rishabh Instruments cmp 394.35 by Daily Chart views since been listed*
- 420 to 426 Resistance Zone Price Band
- *Stock seems to have bottomed out at ATL 348.90 to 351 band*
- Volumes are seen to be spiking by good quantity on alternate days in the past week
- Daily basis Support at 381 > 364 > ATL 348.90 with Resistance seen at 422 > 446 > 467
- *Price seems sustaining above Falling Resistance Trendline for continued fresh upside momentum*
Rishabh Instruments Limited
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Market insights
Rishabh Instruments LtdFundamentals:-
Market Cap ₹ 1,355.
Book Value ₹ 146
Graham Number ₹ 175
Intrinsic Value ₹ 258
Industry PE 56.1
Stock PE 39.2
ROCE 9.81 %
ROE 8.25 %
Promoter holding 70.2 %
Pledged promoter 0 %
Debt ₹ 57.6 Cr.
Reserves ₹ 521 Cr.
Piotroski score 6
Technical:-
Price Breakout above 380 and retest on the "White Trendline".
Resistance are marked with Red horizontal lines.
Targets and Stoploss as marked on the Chart.
Levels are:-
Breakout above 380
Long Above 380
Stoploss 340
Tgt 460 - 540 - 615
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.





