The Indian stock market opened with good gains on Tuesday due to a positive global trend.
Quality midcap and smallcap stocks showed good growth in the stock market. Which is a good sign.
Today we are talking about the stock of RHI Magnesite (RHIM), which has jumped about 7 percent.
The stock of RHI Magnesite saw a strong price volume breakout. Which is a sign that it is bullish.
Shares of RHI Magnesite have hit an all-time high of Rs 718. The share volume has increased manifold.
Technical: The 14-period daily RSI (72.83) is in the super bullish zone. The stock is showing a lot of momentum.
MACD is indicating a bullish crossover in this stock. OBV is also indicating heavy buying in the stock.
The share of RHI Magnesiteis has nearly doubled this year. This stock doubled investors' money in 10 months.
According to experts, overall there are signs of bullishness in the stock. Traders can track this stock in the coming days.