Ruchi Soya Should we invest in this Stock

[RenuDinesh]

Is it good idea to buy Ruchi Soya as we know that now patanjali have placed the bid to buy it?

 

[newtrader101]

My two cents from the technical point:
Bullish stochastic crossing. Heavy selling yesterday. Heavy buying today. But buying volume isn't more than selling. Need more confirmation and atleast A cross of the Middle Bollinger band or 20EMA. Today is a bullish rejection bar. Now if another similar candle forms tomorrow, more positive.

But because you are talking investing, perhaps the weekly/monthly chart may be more appropriate. Bullish signals are yet to come there.

 

[pannet1]

My two cents from the technical point:
Bullish stochastic crossing. Heavy selling yesterday. Heavy buying today. But buying volume isn't more than selling. Need more confirmation and atleast A cross of the Middle Bollinger band or 20EMA. Today is a bullish rejection bar. Now if another similar candle forms tomorrow, more positive. It does look good. But those who buy now are likely to be severely tested. (May be taken further down below)

View attachment 25087

But because you are talking investing, perhaps the weekly/monthly chart may be more appropriate. Bullish signals are yet to come there.

Good one from you.

12 rupees may not be value because stock can go to 1 rupee too.

Let it break one hill atleast.

no hurry.

on the weekly looks like a pinbar and may be a the bottom may be not.

 

[OneThatGotAway]

Avoid it
Day it crosses 18 buy it all Everything or nothing untill then no buying
there are other good stock why u want that

 

[pannet1]

Avoid it
Day it crosses 18 buy it all Everything or nothing untill then no buying
there are other good stock why u want that

often people confuse cheap with value buy

 

[newtrader101]

 

[AJ_trader]

Might be late to this discussion. Fundamentals are definitely bad as of today and everyone knows they're in heavy debts.