September 21, 2024

The stock of Rajesh Exports climbed three per cent in early trade, it had gained four per cent on Monday as well.


Mumbai: The Indian stock market has been witnessing huge volatility in the last few days. There is heavy selling in midcap and smallcap stocks. But stock-specific action is being seen in many stocks. Investors are showing a lot of interest in these stocks at the lower level. These include Rajesh Exports. Shares of the company rose three per cent in early trade today. Also the volume was good. The stock has jumped 7 per cent in the last two days and registered a strong price volume breakout from its falling trendline. Interestingly, it has crossed the 23.6 per cent retracement level from its previous downtrend.

Technical Parameters are giving bullish signals to the stock and it looks very Bullish. Overall, it is likely to move up significantly and from here it is expected to move up significantly. Swing traders as well as traditional traders can add this stock to their watchlist.

This article is powered by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here for regular updates on Winning Stocks and Recommendations.

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