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 :
Target - 325 // 353 // 392
StopLoss - weekly close below 245
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a significant shift in market sentiment.
- A robust bullish candle close on the weekly timeframe, accompanied by massive volumes, underscores strong buying interest and potential for sustained upward momentum.
- The price found support at the 0.382 Fibonacci level, adding weight to the bullish thesis and reinforcing the likelihood of continued upward movement.
- Breaking free from a consolidation phase lasting over 2.5 years, Rallis India demonstrates potential for a new bullish trend trajectory.
- Trading above both the 50 and 200 exponential moving averages (EMA) on the weekly timeframe, with the 50 EMA crossing over the 200 EMA, further bolsters the bullish outlook, suggesting strengthening upward momentum.
Target - 325 // 353 // 392
StopLoss - weekly close below 245
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Comment:
we can add some position here
Comment:
Bullish Marubozu Candle formed, HOLD !