BECTORFOOD is showing strength on the daily chart after a prolonged consolidation. The price has formed a rounding bottom structure and is currently testing a key resistance zone.
🔍 Key Observations:
RSI has crossed the 55 level, indicating possible momentum buildup
Volume is rising along with price movement
200 EMA near ₹1480–1500 zone is acting as resistance
Traders and learners should observe how price behaves near this resistance. A close above this zone may indicate continuation of upward trend, while rejection may lead to consolidation or pullback.
🚫 No trading advice is being given here. This is only a technical chart study for educational discussion.
🔒 Disclaimer:
I am not a SEBI-registered advisor. This content is purely for educational and informational purposes. Please do your own research or consult a registered financial advisor before making any decisions.
🔍 Key Observations:
RSI has crossed the 55 level, indicating possible momentum buildup
Volume is rising along with price movement
200 EMA near ₹1480–1500 zone is acting as resistance
Traders and learners should observe how price behaves near this resistance. A close above this zone may indicate continuation of upward trend, while rejection may lead to consolidation or pullback.
🚫 No trading advice is being given here. This is only a technical chart study for educational discussion.
🔒 Disclaimer:
I am not a SEBI-registered advisor. This content is purely for educational and informational purposes. Please do your own research or consult a registered financial advisor before making any decisions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.