RANA SUGARS - DAILY CHART
- RALLY BASE RALLY FORMATION
- BUYING ZONE
- DECREASING SELL VOLUME
The stock has corrected it self from the low of 23.30 to a high of 30.95 with a base formation at 27-25. The stock is again in the buying zone and hope to see a upward movement if it does not fall below the zone.
So if the stock goes up the first resistance it would face at 30-31 but if the stock goes down it will take support at 25.95 and then at 23.30.
Decreasing selling volume can be seen from previous selling volumes so might be the start of increased buying volumes....
The above analysis is based on technical charts and price action strategy. Feel free to share your thoughts and views on it
- RALLY BASE RALLY FORMATION
- BUYING ZONE
- DECREASING SELL VOLUME
The stock has corrected it self from the low of 23.30 to a high of 30.95 with a base formation at 27-25. The stock is again in the buying zone and hope to see a upward movement if it does not fall below the zone.
So if the stock goes up the first resistance it would face at 30-31 but if the stock goes down it will take support at 25.95 and then at 23.30.
Decreasing selling volume can be seen from previous selling volumes so might be the start of increased buying volumes....
The above analysis is based on technical charts and price action strategy. Feel free to share your thoughts and views on it