🔎 #OnRadar
#Rssoftware (R.S. Software India Ltd.)
Multi-Year Support Respected – Is the Bottom In for Rssoftware?
CMP: 88.10
📊 Technical Outlook (Monthly Chart):
The stock corrected sharply from its #DoubleTop zone of 367, hitting a low near 46—right at a key confluence support zone of 47–52. This zone has historically acted as a strong support and resistance area, and once again, price has shown a bounce from this level.
Currently showing upward momentum, the next significant resistance is around 209. Sustained move above this could potentially lead towards retesting the previous #DoubleTop zone of 357–415 over the long term.
📌 Disclaimer: This is a technical observation shared for educational purposes only. It is not a buy/sell recommendation. Please consult a SEBI-registered advisor before making any investment decisions.
#TechnicalAnalysis | #PriceAction | #ChartSetup | #LongTerm
#Rssoftware (R.S. Software India Ltd.)
Multi-Year Support Respected – Is the Bottom In for Rssoftware?
CMP: 88.10
📊 Technical Outlook (Monthly Chart):
The stock corrected sharply from its #DoubleTop zone of 367, hitting a low near 46—right at a key confluence support zone of 47–52. This zone has historically acted as a strong support and resistance area, and once again, price has shown a bounce from this level.
Currently showing upward momentum, the next significant resistance is around 209. Sustained move above this could potentially lead towards retesting the previous #DoubleTop zone of 357–415 over the long term.
📌 Disclaimer: This is a technical observation shared for educational purposes only. It is not a buy/sell recommendation. Please consult a SEBI-registered advisor before making any investment decisions.
#TechnicalAnalysis | #PriceAction | #ChartSetup | #LongTerm
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.