Multi-Year Support Respected – Is the Bottom In for Rssoftware?

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#Rssoftware (R.S. Software India Ltd.)

Multi-Year Support Respected – Is the Bottom In for Rssoftware?

CMP: 88.10

📊 Technical Outlook (Monthly Chart):

The stock corrected sharply from its #DoubleTop zone of 367, hitting a low near 46—right at a key confluence support zone of 47–52. This zone has historically acted as a strong support and resistance area, and once again, price has shown a bounce from this level.

Currently showing upward momentum, the next significant resistance is around 209. Sustained move above this could potentially lead towards retesting the previous #DoubleTop zone of 357–415 over the long term.

📌 Disclaimer: This is a technical observation shared for educational purposes only. It is not a buy/sell recommendation. Please consult a SEBI-registered advisor before making any investment decisions.

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