ROSSELLIND trade ideas
Resistance Breakout - ROSSELLINDIAPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
ROSSELL A BUY?THE COMPANY HAS BEEN PERFORMING WELL FUNDAMENTALLY AND HAS INCREASES SALES BY 15% YOY ALONG WITH A 25% INCREASE IN PROFIT YOY.
AFTER STRONG FUNDAMENTALS THE TECHNICAL COMES INTO PLAY.
A BREAKOUT ABOVE ATH WILL LEAD TO OUR FIRST CONSERVATIVE TARGET OF 225 LEVELS FOLLOWED BY FIB EXTENSION LEVELS OF 269 .
120 LEVELS WILL BE OUR FIRST SUPPORT. 90 LEVELS WILL ACT AS LONG TERM SUPPORT.