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USHAMARTIN – TECHNICAL CHART READING

USHAMARTIN

If we look at the chart of ushamartin, we can clearly see that now stock has touched its long term resistance level upper side.

There is also a development of “RISING WEDGE” on chart, and price able to move beyond the upper range in last session.

even rsi is moved above resistance level, and now enter into the overbought zone.

so overall indication is one can buy the stock in a range of 28-30 range, or if you feel risky then wait till it give close above 31 level, stop loss one can maintain at 23 level for upcoming targets of rs. 36-45

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