14 years of long wait over......Ram Raj coming for Investors
Breakout make sense in all frames..
-----.-Long Term ------
The 14 years of breakout is confirmed by the fact that stock completeda a perfect rounding bottom and resistance of all time made in 2010 , 14 Years ....
....... Medium to Short Term....
1) The RSI is currently at 63, which suggests that the stock is not overbought...
2) The stock has closed above the resistance level for several days in a row.
3) The stock is also trading above its 50-day and 200-day moving averages. (Bullish sign)
Overall, the chart suggests a strong uptrend and could,wont be less than some 3 digits
As they say
"Bigger the Consolidation, the Bigger the Breakout"
-----.-Long Term ------
The 14 years of breakout is confirmed by the fact that stock completeda a perfect rounding bottom and resistance of all time made in 2010 , 14 Years ....
....... Medium to Short Term....
1) The RSI is currently at 63, which suggests that the stock is not overbought...
2) The stock has closed above the resistance level for several days in a row.
3) The stock is also trading above its 50-day and 200-day moving averages. (Bullish sign)
Overall, the chart suggests a strong uptrend and could,wont be less than some 3 digits
As they say
"Bigger the Consolidation, the Bigger the Breakout"