Royal Orchid Hotels Limited has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock has broken a resistance level and given a positive signal for the long-term trading range.
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The stock has broken up through resistance at rupee 265. This predicts a further rise. Positive volume balance strengthens the stock in the short term. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The stock is overall assessed as technically positive for the medium long term.