AgroTech Food : Buy or Sell

Agro Tech Foods Limited has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. It also gave positive signal from the rectangle formation at the break up through the resistance at 821. Further rise to 952 or more is signaled. The stock has broken a resistance level in the short term and given a positive signal for the short- term trading range. The stock is testing resistance at rupee 910. This could give a negative reaction, but an upward breakthrough of rupee 910 means a positive signal. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The stock is overall assessed as technically positive for the medium long term.

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