Ruchi Strips & Alloy: (15.31)-DBhat-17aug2k5

Ruchi Strips & Alloy: (15.31)

This RUCHI SOYA promoted STEEL sector stock on charts has come out of huge consolidation occurred between 20 & 11 on 200dma. Double bottom formation at 11 on 200dma indicates consolidation is over & now the stock is all set for third dynamic bull wave.* Foreign Promoters holding: 12.09%. Third dynamic bull wave will take it up to 37 & 48 in very short span of time.Stock traded at BSE only: 513295.