The price of RM seed appears to be forming a Bullish Flag Pattern on its daily charts. The Bullish Flag price pattern is a continuation pattern and suggests that the prices will gain momentum for a fresh up move after a small consolidation. Thus, the bullish flag pattern would be confirmed on a break above `2945 levels. Thus, traders can buy above `2945 levels with a stop loss placed below `2917 levels for targets of `2975 and `3000 levels.
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