RALLIS INDIA as per daily chart pattern analysis iam very surprised to find the stock has not shown any sign of recovery after hitting the support levels and once it breaks 243 level then next support level is at 238 and next is placed at 232 level. I hope tomorrow being bullish the stock should reverse from here and consolidate to move upwards.
RALLIS INDIA as per daily chart pattern analysis has taken the trendline support and if it breaks then 255 is the next support level followed by 243 support level for the stock to reverse. However one can see a fresh buying opportunity only after full correction completed.
Rallis has beginned to move in the uptrend channel with a W pattern formation and from target 275 level. Holding the stock. Happy trading to all
Scrip - Rallis India Setup - Bouncing from support zone and closing above previous swing high Entry - 300 - 310 Target1 - 330-335 Rallis India is a Tata Group Company and is a Fundamentally strong counter. Ace Investor RJ & family also holds around 10% stake in the company. (This is an investment idea and in case market sees sell-off more position can be added...
Riding the Bullish bat to its target . Awaiting the breakout from the ascending parallel channel
ENTER ABOVE 304 FOR A TARGET OF 400
All the reasons for the trade have been explained in the video. --Happy trading
Chart 2 - 15 Min Time Frame : A further confirmation of below swing trade can be taken if stock breaks the confluence of Daily Trendline and horizontal support. Can be considered for target of 274-275 if bounces from support. Chart 1 - Stock took support at Fibonacci 50% level in month of November. If stock sustains above 270-275 in next couple of sessions, can...