RALLIS trade ideas
NSE:RALLIS - BULLISH CONTINUATIONScrip: NSE:RALLIS
Trade: LONG (BUY/ADD)
Target-1: 395
Target-2: 445
Reason for trade: Classis trend continuation, known as "Break & Test", forming a Bullish Continuation pattern seen with volume on weekly charts.
Disclaimer: Please consult your financial advisor before taking any trade decision. After all, this is just an idea!
BIG MOVE EXPECTED TARGET : ₹378
STOCK IS ON 44 SMA (SIMPLE MOVING AVERAGE)
ONLY THE RESISTANCE IT WILL GET IS AT ₹362
#RALLIS INDIA LTD (SWING TRADE ) WEEKLY CHARTNSE:RALLIS
BUY ZONE- 314
STOPLOSS-293
TARGET - 394
#RISK-REWARD - 1:4
MY VIEW ON RALLIS
#Breakout.
#retirement
#EMA POSITIVE
#supertrend POSITIVE
#RSNIFTY POSITIVE
#RSI ABOVE 50
#CHEMICAL SECTOR - POSITIVE IN INDIA , GROWTH INDUSTRY SECTOR
RALLIS INDIARALLIS India Monthly chart - Double bottom at 139 and Double top at 296, which it has crossed with volume. Current correction is expected to touch 300 again.....may be tomorrow. Good entry point as it will now become a very strong support. Multi-year breakout with supported by volumes. Good business( pesticides and chemicals) and at relatively fair valuations (27x PE).
Upto 10% on MondayBuy for Monday session it may be upto 10% return .
Best time to but .
Invest with a small stoploss.
RALLISChart has clear Pattern of CUP & HANDLE with tgt of 445 SL 230
Abv Chart is for Study Purpose Only
WEEKLY CUP & HANDLE FORMATION BREAKOUT IN RALLIS(INVESTMENT BUY)BUY RALLIS WITH SL OF 300 TARGET 400++
RALLIS Positional Again !!!Previously it moved from 280 to 353.
RALLIS : cmp : 339.3
A C & H Kind of pattern formed . BO done.
Good to accumulate on dips.
TGT 350/367/378/396
SL 319 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Double Bottom Formation Breakout - Keep AccumulatingRallis 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
RALIS IDEA as it broke previous levelsJust a Educational Idea, Correct me if i am wrong in drawing price actions
Rallis India - Positional viewLooks good for a steep up move in the coming days. 300 should act a good support on CLB.
RALLIESIt has given breakout on monthly chart and also making Cup Handle Pattern. Buy above 315 TGT 15 to 20%, SL 280. For Educational purpose only contact your financial advisor before entering any trade.
