Consider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries.
Reasons are listed below :
Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying...
Price bounced at key support level and RSI showing moderate bullish divergence on daily TF.
Expecting the price to make a leading diagonal pattern as highlighted, will update the chart later if any changes observed.
Good to buy at CMP for the following targets:
Medium term swing target @ 1270 (80% ROI)
Long term positional target @ 1560 (120% ROI)
Strong...
Rossari BioTech has a bullish setup developing on the weekly chart.
If stock moves above 835, anticipate first target to be 1069 (i.e. 28% upside), second target to be 1156 (i.e. 38% upside). Entry at breakout of 835.
Three Reasons to be bullish:
- MACD has been showing momentum build-up
- Price is staying within the channel
- Waiting for third one to occur,...
Result are good
Rossari Biotech Q3FY24
Another excellent qtr back to back
Good Q2
Followed by excellent Q3 now
Good margin expansion QoQ n YoY🔥
Rev at 463cr vs 389cr
PBT at 48cr vs 35cr
Q2 at 45cr
PAT at 34cr vs 26cr
Q2 at 33cr
Q3 EPS at 6.23rs vs 4.6rs
Content in the chart -
Understand the volume spikes under consolidation phase
Volume spikes during consolidation phase indicates strong buying in the stock
Prior indication can be studied via volume and chart pattern structure.
Red arrows - Indicates the rejections
Green Arrows - Indicates supports
This chart is only for educational purpose, do your own...
Rossari Biotech showing weekly breakout. Entry level is from retracement level to current level. Target 1 first resistance. Once that completes then till previous all time high.
almost 2 and a half year, the stock has given about 22% returns. this is a very bad performed. nifty small&mid cap indice is going to get bullish very soon. and rossari would be a part of it. its trading near to its IPO LISTING PRICE. this stock has a good fundamentals, and sales. so it got a lot of potential to go upside. i have drawn several levels, to take...
a debt free company, with a good fundamentals, and expected to give a good quarter.
stock has given a good breakout, with a long green candle, and there is no sign, it will pullback.
i am bullish of this company, and now it has started to give a good uptrend.
it could go a little slow, from nifty, but the key is, it will be keep on rising.
this is because, the...
Fibo levels and how they can act as short term Support and as well as resistance.
Relative Strength looks negative
Disc: Not Holding and not a buy or sell recommenadation
Good volume in this stock
trading above 200 EMA
Trendline BO given with Strong Candle
took support at 1220-1234
BUY above 1377
TGT 1451 - 1590
Average out more if come down @ 1300 - 1261
SL 1220
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
