RALLIS INDIA LTDLong
Multi-Breakouts seen on Rallis
The stock was seen breaking out of a cup and handle pattern as well a year old trendline resistance on Tuesday's session.
The vol on breakout was satisfactory providing validation to the breakout.
The cup &handle breakout target is projected to be around INR310-320 zone(25% from CMP).
On the downside INR 235 can be used an a 'Sl'.
CMP 257
SL 235
Target 315
The vol on breakout was satisfactory providing validation to the breakout.
The cup &handle breakout target is projected to be around INR310-320 zone(25% from CMP).
On the downside INR 235 can be used an a 'Sl'.
CMP 257
SL 235
Target 315
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.