ROSSARI BIOTECH, BULLISH!!
almost 2 and a half year, the stock has given about 22% returns. this is a very bad performed. nifty small&mid cap indice is going to get bullish very soon. and rossari would be a part of it. its trading near to its IPO LISTING PRICE. this stock has a good fundamentals, and sales. so it got a lot of potential to go upside. i have drawn several levels, to take positions in this stock, and a breach to the blue resistance, means the stock will all over carry till 1120, and 1300.
have a look at MACD, now it has started to rise upards, soon we could see green candles coming in. good time to make positions in this stock.
there could be a U- SHAPED recovery. and final point, RSI indicator is also at a buying zone.
path has drawn, based on U- SHAPED recovery.
have a look at MACD, now it has started to rise upards, soon we could see green candles coming in. good time to make positions in this stock.
there could be a U- SHAPED recovery. and final point, RSI indicator is also at a buying zone.
path has drawn, based on U- SHAPED recovery.
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