Latent View Analytics Ltd has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. It also gave positive signal from the rectangle formation at the break up through the resistance at 364. Further rise to 421 or more is signaled.
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The moving
average indicator has given a positive
signal. In isolation, this signals a continued
rise, but the slowness of the indicator often >
means that one has lost much of the
upside. The stock has broken up through
resistance at rupee 374. This predicts a
further rise. Positive volume balance, with
high volume on days of rising prices and
low volume on days of falling prices,
strengthens the stock in the short term. 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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