RELIGARE: Stock breached its long term resistance line on 23rd april. The declining trendline which started in Jan 2008, continued as a big resistance till it broke out . breakout was confirmed with high volume.
As of Now stock will come to test the earlier resistance line which is now a support for the same,before the real rally starts. as this is possible due to oscillators in overbought territory.
As of Now stock will come to test the earlier resistance line which is now a support for the same,before the real rally starts. as this is possible due to oscillators in overbought territory.