Kesoram Industries Share Price Technical Analysis

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Kesoram Industries Limited is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken an inverse head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a rising trend. There is no resistance in the price chart and further rise is indicated. 

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In case of a negative reaction, the stock has support at approximately 64.00 rupee. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend. The RSI curve shows a rising trend, which supports the positive trend. The stock is overall assessed as technically positive for the medium long term.

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