Izmo Ltd. has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has broken the resistance at 101 of a rectangle pattern, which signals a further rise. There is no resistance in the price chart and further rise is indicated.
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In case of a
negative reaction, the stock has support at
approximately 95.00 rupee. Volume has
previously been high at price tops and low at
price bottoms. Volume balance is also
positive, which strengthens the stock. RSI
diverges negatively against the price, which
indicates danger of a reaction downwards.
The stock is overall assessed as technically
positive for the medium long term.
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