ROLTA (I) Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has formed rectangle formation, strength expecting in ROLTA (I) once it closes above 122. (Updated on 15th September 2014, Monday).

ROLTA INDIA

• As per current technical analysis chart no1, ROLTA is moving up from 38.2% fibonacci retracement support, this indicates bulls gonna be favored as long as it tradres above.
• As per stock analysis chart no2, ROLTA has formed rectangle formation in daily chart, this indicates as long as stock trandes in between rectangle formation trend will not be clear, but once it comes out then sharp move is expecting in ROLTA (I).
• Also See - AMTEK AUTO moving in a range bound zone, sharp move expecting once stock comes out.
• According to chart no3, 100 days moving average playing an important role in Rolta, from last 4 times stock bounced from 100 DMA, as long as trades above Rolta looks bullish but once closes below 100 DMA then stock will show first sign of weakness. On upper side stock will find trend line resistance around 122, further strength expecting for few trading days once Rolta closes above 122 and stays above.
• Intraday tips - Close watch once Rolta starts trading above 122, if holds above with volumes then intraday bulls action is expecting.
• Suggested Article - Methods of selling in stock market.
• If stock moves up from current levels and closes and stays above its previous resistance @ 122 then will find next resistance around 135 its 161.8% fibonacci retracement. Close Watch.
• Click here to see all the free trading reports (tips) published by us on ROLTA (I).
• Free intraday trading tips india.