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abhinayj
Feb 6, 2024 7:50 PM

RALLIS : About to breakout Long

RALLIS INDIA LTDNSE

Description

Fundamentals:
From past few weeks, we are observing good buying in chemical sector especially in agro-chemical.
Subsidiary of tata chemical
Sector is coming out of long price and time correction phase.
Promoter holding has increased by 5% in current consolidation phase . FIIs stake is also increasing
Public is decreasing quarter by quarter

Technical:
Weekly price chart is coming out of consolidation.
New high was made today after 4-5 weeks
Good volume bars on weekl chart
RSI is bouncing back from levels of 60

TARGET -1 : 300
TARGET -2 : 325
STOP LOSS: 242

**These are my personal observations. Please trade at your own risk.**

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target 1 hit
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