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 ,...
