ElH Ltd. has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has broken a support level in the short term and given a negative signal for the short term trading range. The stock is approaching support at 200 rupee, which may give a positive reaction. However, a break downwards through 200 rupee will be a negative signal. RSI diverges negatively against the price, which indicates danger ofa reaction downwards. The stock is overall assessed as technically positive for the medium long term.
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