Multi-Year Support Respected – Is the Bottom In for Rssoftware?

🔎 #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
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.