Rallis looking at a breakout above 307 for target height of triangle of Rd 35.
RSI is goof but would like stochastic to move up a little.
100 day high is around 324 so have to watch out that area.
ATR is low.
The previous Cup break out is still in progress.
1. the stock has formed M top and the last high was lower than the previous one which Indicates aggresive sellers are present .shorts can be initiated with sl above the candle which pierced the support.
A very good breakout in Rallis India on the weekly chart
buy call
buy at 280-285 zone for
the target of 330 in short duration
and 440 for 6 month holding duration NSE:RALLIS
Rallis
Cup and handle break out in Daily
Handle formed with lower price and lower volume
Missed the entry.
Now giving a change as a box is formed.
Breakout over 280 should result in a 75 to 85 Rs move.
TATA subsidiary , i had no clue looks like a nice bag to have in your portfolio for solid steady gains.
Looking for a pull back on this to 247,245 and below is danger so quite close to point of invalidation .
This bounced back from 120 pretty quick and now looking to take on the previous All time high at 298 with it currently just under resistance.
Last 72...
NSE:RALLIS
Rallis india is having good chart pattern.
STOCKMAN IDEA believes this stock will touch to 290 rs soon.
It has crossed a buy/sell signal line at the price of 260 rs.
Support/Stop loss = 260 rs
Target = 290 rs
Duration = 5-10 days
