Nitta Gelatin India Ltd 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. The price has also broken a resistance level and given a positive signal for the long-term trading range. 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 800 rupee. Positive volume
balance indicates that volume is high on days
with rising prices and low on days with falling
prices, which strengthens the stock. RSI is
above 70 after a good price increase the past
weeks. The stock has strong positive
momentum and further increase is indicated.
The stock is overall assessed as technically
positive for the medium long term.
