Vardhman Textiles Ltd has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock is testing resistance at rupee 366.
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This could give a negative
reaction, but an upward breakthrough of
rupee 366 means a positive signal. Volume
has previously been low at price tops and
high at price bottoms. This weakens the
stock. The stock is overall assessed as
technically positive for the medium long
term.
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