Rallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a...
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
#Rallis #Myview As per Chart Aggressive levels between- 165-185 Delight Levels between- 120-140 Stock already trading 83% discount from ATH. Long levels as per Fib. considering bottom of 169. Above Analysis Based on Technicals Only. Disclaimer :- I am not SEBI registered analyst, shared for educational purposes only, do your own research before investing. I...
So a double bottom , cup n handle engulfed , we see two patterns , some retracement is seen as well ,which is healthy This should go north. Simple price action, no Jazz.
Hi Investors and Traders, The stock Rallis India is a subsidiary of Tata Chemicals and makes fertilizers, insecticides and pesticides which are used in farming. Seeing the stock it seems the stock's consolidation is over and is ready to give a good rally in upside. Buy the stock at 309 levels. Short term target for the stock will be 362 (17% up). Keep a view of...
Bullish Pennant formed in the major Broadening structure . At the Sell trendline of a broadening structure (Key support ) with multiple lower rejections . Forming a double bottom (High probability reversal chart pattern ) Stock is currently trading in a zone ( Consolidation phase) Volume seems to be increasing on the buy side ,...