Rossari Biotech Weekly BreakoutRossari Biotech showing weekly breakout. Entry level is from retracement level to current level. Target 1 first resistance. Once that completes then till previous all time high.
ROSSARI trade ideas
rossaricompleted the acquisition of the balance 16% stake in chemicals manufacturer Tristar Intermediates
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.
ROSSARI BIOTECH, BULLISH!!a debt free company, with a good fundamentals, and expected to give a good quarter.
stock has given a good breakout, with a long green candle, and there is no sign, it will pullback.
i am bullish of this company, and now it has started to give a good uptrend.
it could go a little slow, from nifty, but the key is, it will be keep on rising.
this is because, the company is stable, and can even be stable in short terms!!!
Fibonacci LevelsFibo levels and how they can act as short term Support and as well as resistance.
Relative Strength looks negative
Disc: Not Holding and not a buy or sell recommenadation
ROSSARI (Long)Good volume in this stock
trading above 200 EMA
Trendline BO given with Strong Candle
took support at 1220-1234
BUY above 1377
TGT 1451 - 1590
Average out more if come down @ 1300 - 1261
SL 1220
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
#ROSSARIPerfect breakout retest. Very favourable risk to reward ratio. Look at the trading volumes on the last 5-6 days, if you are smart enough, you will spot it ;-)
ROSSARI BIOTECHUptrending stock within a channel. Wait for a dip and plan long or short term investments.
