Stock analysis Rossell Techsys Limited ROSSTECH
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Technical analysis forecast for Rossell Techsys Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rossell Techsys Limited ROSSTECH at this time. Stock is falling and might fall more.
It appears as if Rossell Techsys Limited ROSSTECH gave a large move recently.
Stock of Rossell Techsys Limited (ROSSTECH) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Rossell Techsys Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Rossell Techsys Limited stays below 410.1, but if it comes above 410.1, then a intra day buy could be more profitable.
If you take a sell trade below 410.1, then use 410.1 as stoploss and 379.8 as target. However if you take a buy trade in Rossell Techsys Limited, then use 410.1 as stoploss and 435.34 as target.
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