Jayshree Tea & Industries Limited has broken
up through the ceiling of the rising trend
channel in the medium long term, which
signals an even stronger rising rate. The
positive development, however, may give rise
to short term corrections down from today's
level. The price has also broken a resistance
level in the short term and given a positive
signal for the short-term trading range.
There
is no resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 104 rupee. The volume
balance is positive and 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.