RALLIS INDIA LTDLong
RALLIS: Accumulation Phase for Swing Trading
The stock formed a double-top pattern where distribution came into play followed by a markdown phase.
Sequentially, considering the double-bottom formation at the trend line's support associated with higher than average volume, we are in the accumulation phase for the stock.
It is a good opportunity to take a long position for the swing trading at CMP; SL- 270; Target1- 342 (R:R 1:2).
Sequentially, considering the double-bottom formation at the trend line's support associated with higher than average volume, we are in the accumulation phase for the stock.
It is a good opportunity to take a long position for the swing trading at CMP; SL- 270; Target1- 342 (R:R 1:2).
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