mastermukund4

Double Bottom Formation Breakout - Keep Accumulating

Long
NSE:RALLIS   RALLIS INDIA LTD
Rallis India belongs to the Industry of Agro Chemicals/Pesticides.

The Stock has formed double Double Bottom on Charts and there is a clear breakout with excellent volume . The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 17% from 50DMA and 200DMA.

The Company is fundamentally sound with a reasonable debt to equity of 2% which signals a healthy Balance Sheet . Rakesh Jhujhunwala holds a stake of 9.93% in the Company.

Keep Accumulating at these levels with positional to long term mindset for targets of 400-450

Feel free to share your feedback and queries

Comments

Umm 335 ma buying is it still intact for short term sir ?
+1 Reply
mastermukund4 bfsxblaze
@bfsxblaze, It may retest but it will do good. Hold with patience
Reply
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