🔎 #OnRadar
#Rssoftware (R.S. Software India Ltd.)
Multi-Year Support Respected – Is the Bottom In for Rssoftware?
CMP: 88.10
📊 Technical Outlook (Monthly Chart):
The stock corrected sharply from its #DoubleTop zone of 367, hitting a low near 46—right at a key confluence support zone of 47–52. This zone has historically acted as a strong support and resistance area, and once again, price has shown a bounce from this level.
Currently showing upward momentum, the next significant resistance is around 209. Sustained move above this could potentially lead towards retesting the previous #DoubleTop zone of 357–415 over the long term.
📌 Disclaimer: This is a technical observation shared for educational purposes only. It is not a buy/sell recommendation. Please consult a SEBI-registered advisor before making any investment decisions.
#TechnicalAnalysis | #PriceAction | #ChartSetup | #LongTerm
#Rssoftware (R.S. Software India Ltd.)
Multi-Year Support Respected – Is the Bottom In for Rssoftware?
CMP: 88.10
📊 Technical Outlook (Monthly Chart):
The stock corrected sharply from its #DoubleTop zone of 367, hitting a low near 46—right at a key confluence support zone of 47–52. This zone has historically acted as a strong support and resistance area, and once again, price has shown a bounce from this level.
Currently showing upward momentum, the next significant resistance is around 209. Sustained move above this could potentially lead towards retesting the previous #DoubleTop zone of 357–415 over the long term.
📌 Disclaimer: This is a technical observation shared for educational purposes only. It is not a buy/sell recommendation. Please consult a SEBI-registered advisor before making any investment decisions.
#TechnicalAnalysis | #PriceAction | #ChartSetup | #LongTerm
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.