Ruchisoya has been in correction mode with very low volumes which maked this a prime candidate for a bounce bak till resistance levels of 104-110.
Ideal area to buy this stock is around 90 which is a support on candles as well as 100 dma is at 90 also the 23.6% retracement for a period of 1 year is at 90, stop loss for this trade can be at 86 or 83 depending on ones risk appetite.Target whenever a bounce back comes is at 104 and a close above 104 will lead it to 110.
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