Thursday, August 19, 2010

Ruchi soya

Ruchi soya

The stock has been playing nicely within the fibbo levels as seen from the chart. If the stock closes above 115.50, it would have scaled a important barrier of 61.8% retracement of the recent fall, and can set it self up for a target of 123 and 129 in the coming days. On the downside good support is at 105 as seen from the chart, if this support breaks then the current rally will be in danger and then it can seek lower levels of 89.

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