Rajesh_S

Rallis - Long

Long
NSE:RALLIS   RALLIS INDIA LTD
Reasons for Long:

1) In a strong uptrend.
2) Almost nearing all time high.
3) About to Breakout with Bullish Rectangle pattern.

Breakout with good volumes can resume the trend.

Entry - Right after the breakout

Stop Loss - 262 after entry. Once first target is achieved, then can trail SL to ride the trend.
Trade active: First Target - 281 to 282 achieved
Trade closed: target reached: All 3 targets achieved. Made a new all time high with 10.6% gains today.

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