Edit this post
K.P.R. Mill 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 a rectangle formation. A decisive break of the resistance at 626 will signal a further rise to 701 or more.
Make money using our bank nifty option tips on a daily basis.
The stock has broken up through
resistance at rupee 620. This predicts a
further rise. In case of negative reactions,
there will now be support at rupee 620.
Positive volume balance, with high volume on
days of rising prices and low volume on days
of falling prices, strengthens the stock in the
short term. RSI above 70 shows that the stock
has strong positive momentum in the short
term. Investors have steadily paid more to buy
the stock, which indicates increasing
optimism and that the price will continue to
rise. However, particularly for big stocks, high
RSI may be a sign that the stock is overbought
and that there is a chance of a reaction
downwards. The stock is overall assessed as
technically positive for the medium long term.
