Jayshree Tea & Industries Limited has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. The price has also broken a resistance level in the short term and given a positive signal for the short-term trading range.
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There
is no resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 104 rupee. The volume
balance is positive and strengthens the stock
in the short term. RSI diverges negatively
against the price, which indicates danger of a
reaction downwards. The stock is Overall
assessed as technically positive for the
medium long term.
