Commodities are usually considered to be in a cyclical industry, and investors who can jump in before an upcycle starts are well placed to make a profit. But the ones who enter in-between have a risky position as the cycle’s duration cannot be determined.
Chart Check: RITES trading near crucial support levels; buy for a bounce back towards 500 levels
Short-term traders can look to buy the stock now for a possible bounce back towards 500 levels in the next 2-3 months, suggest experts.