Technical Pick – Ruchi Soya
• Ruchi Soya is finding support at 15 and resistance above 31.
•On Weekly chart,Break and sustain above 31 will see nonstop rally till 45---47++ in weeks to come.
•Ruchi Soya has finally given its trendline breakout on weekly chart which has turned the trend to positive after a continuous decline from 50 levels
•RSI is also trading above 50 levels which indicates that upper side seems certain in it.
For positional trade, stop loss seeing below 15 on closing basis which in unlikely to breach in near terms.
Trading Recommendation (3rd Nov 2017)
Buy Ruchi Soya above 31 and for the initial upside target of 45--47++ mark with stop loss below 15 on closing basis.
More will update soon!!!
