Buy on dips for Renaissance Jewellery

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As can be seen the price after moving out of the cloud is coming back in to test the cloud support. Concerning is price is weaker than nifty right now. Price can test deeper in the cloud in the next move downwards. Future cloud B line is going flat and Cloud A line converging is also a concern. Close below the cloud will make the price test the 200 EMA on weekly TF.