Everest Industries : Technical Analysis or Buy or Sell Share

Everest Industries Limited is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. It also gave positive signal from the rectangle formation at the break up through the resistance at 771. 

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Further rise to 861 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 has marginally broken up through resistance at rupee 770. An established break predicts a further rise. The volume balance is positive and strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium long term.