We recommend a sell in Rolta India from a short-term perspective. From the charts of Rolta India, we observe that the stock has been on a medium-term uptrend from its early July low of Rs 224. This uptrend has reversed from the significant resistance at Rs 340. The stock had formed a medium term peak at this level in May too and declined more than 30 per cent from there. We notice a bearish engulfing candlestick pattern (a reversal pattern) in the daily chart on August 5. The oscillators in the daily chart are in the overbought region and are ripe for a correction. The daily relative strength index has entered into the neutral region from the bullish zone. Loss of momentum is evident in the short-term. Taking into consideration, the significant resistance and bearish engulfing candlestick pattern, we are negative on the stock in the short-term. We expect the stock to decline until it hits our price target of Rs 280 in the approaching trading sessions. Traders with short-term perspective can sell the stock, while maintaining a stop-loss at Rs 326.
Yoganand D.
BL Research Bureau
Yoganand D.
BL Research Bureau
Thanks : Business line
I do not even know how I ended up here, but I thought this
post was good. I don't know who you are but definitely you're going to a
famous blogger if you are not already ;) Cheers!
Equity Tips Bullion Tips
TODAYS PROFIT SUMMARY: PREMIUM CASH SHALIMAR PAINTS 10800 LICHSGFIN 8800
Equity tips free trial
Thank you for post and your blog. My friend showed me your blog and I have been reading it ever since.
English Language training for Workplace | Corporate soft skills training | Spoken English training for Business Organizations
Dearest Esteems,
We are Offering best Global Financial Service rendered to the general public with maximum satisfaction,maximum risk free. Do not miss this opportunity. Join the most trusted financial institution and secure a legitimate financial empowerment to add meaning to your life/business.
Contact Dr. James Eric Firm via
Email: fastloanoffer34@gmail.com
Whatsapp +918929509036
Best Regards,
Dr. James Eric.
Executive Investment
Consultant./Mediator/Facilitator