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A decisive
break of the resistance at 58.96 will signal a
further rise to 67.81 or more. The stock is
testing resistance at rupee 62.00. This could
give a negative reaction, but an upward
breakthrough of rupee 62.00 means a positive
signal. Volume has previously been high at
price tops and low at price bottoms. Volume
balance is also positive, which strengthens
the trend break. The RSI curve shows a rising
trend, which could be an early signal of the
start of a rising trend for the price as well. The
stock is overall assessed as technically
positive for the medium long term.
