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...
NSE:RALLIS has just corrected 50% of the fib level in the long term after completing impulse waves over a multi-year.
This 50% retracement is typical of wave 2 correction in Eliott Wave to 182.50 level and bounced back.
Now it has completed wave 1 and 2 of 3 higher degree and wave 3 of 3 can break all time very quickly. watch out
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...
Stock on weekly breakout. yellow dotted is target 1..above that quick move expected. Long term portfolio pik. no SL as add on dip.. target % profit should be 30% on invested capital.....
RALLIS - Rallis India Limited - BUY ACTIVE
Chart Insights : Day Chart
Stock closed at 287 on 07-Mar-2024
We can see stock is under formation of cup & handle and tried to break the resistance and can expect upside move if its sustain above the resistance.
BUY Active only resistance breaks and sustain above resistance & keep monitor for future investment. The best...
Stock testing 10 year old resistance line again but coupled with double bottom , we may see a upside above Rs 255/-
This is a discussion with educational point of view.
Rallis India Ltd- A Tata Group Company in Agriculture Chemicals
Buy above- 270
Stop Loss - 235
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 Me.
RALLIS INDIA with a solid Descending Triangle Pattern Breakout with Multiple Confirmation on Weekly Chart.
Ready to take entry & Can expect easy 1:2 or 1:3 Targets with Proper Risk Management.
Stock is Ready to take off.
Rallis India Ltd is making a buy zone for its buyers and stock traders can wait or make average till the strong Buy Zone as all points are mentioned on the chart.
RALLIS - Buy Zone in One Hour TF
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 38.0%
Promoter holding has increased by 4.99% over last quarter.
Looks good just like many of the fertilisers and agro chemical stocks like Paradeep/RCF/Rama Phosphates/krishana Phoschem and others
Has given a breakout of the gann level @261 which is going to the SL just below that level.
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
net profit rose to 820 million Indian rupees in the fiscal second quarter from 720 million rupees a year ago.
Earnings per share for the quarter ended Sept. 30 jumped to 4.23 rupees from 3.65 rupees a year earlier.
Rallis India Ltd is making a buy zone for its buyers and stock traders can wait or make average till the strong Buy Zone as all points are mentioned on the chart.
