RALLIS trade ideas
Long Swing Trade Idea #22 : Buy RALLIS Buy RALLIS only above 301 with Stop-loss at 268 for first target of 339. Idea is for 15th July 2020 onwards and I will update it if it is triggered or in case it is no longer valid. Reason is breakout at all time high
RallisMight be a good time to get into Rallis. into the ATH territory, breakout with good volumes, now it just needs to sustain
Triple Top Formation of Stock - Breakout or ReversalThere is triple top formation of stock on weekly charts. If this week Rallis maintain price above 290 then there will be breakout of the stock and prices can go higher. If Rallis maintain price below 290 then there will be reversal of trend and shorting of stock can be expected.
Rallis - LongReasons 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.
RallisRallis heading towards support at 245, once it bounces back can take long position till 276, if it breaks the support go short till 222-220.
"Educational Purpose" :)
RALLIS - Expecting a Strong Bullish Breakout !!RALLIS (Rallis India Limited)
The stock closed at the Resistance level with good volumes.
RSI - Strong Uptrend
****TE BANDS - BULLISH****
Once the next Daily candle breaks last high, a breakout is expected.
Next Resistance - 256
Noticeable Support - 220
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
Breakout in RallisRallis has broken out of its past week down trend and support at 192 was strong.The lower kiss after fall has also been done. There is clear long at 208 with target of 228(10%) and SL of 195. This is for 1 week swing trade
'Rallis long''One's pattern cross over confirmation line buy it,Wait for Breakout above Confirmation Line.
1. buy at 238
2.Target 300
Rallis India - Breakdown - TriangleRallis India has broken below from what appears to be an ascending triangle.
Initiate Sell.
Target : 192/182
Stop Loss : 216
Rallis India bullishRallis India made a triangle patter and likely to hit 256 soon on back of the agri reforms announced. The stock has shows good recovery from the recent lows and my hypothesis says it will keep going up till 256.
RALLIS INDIA - INVESTMENT IDEA - TARGET 251RALLIS INDIA - TARGET 251
The company will continues to get support by steady demand prospects for its products in the domestic market, and improving focus on exports.
Large scale capex over the medium term is expected to result in better market share and
mitigate impact on profitability caused by increasing raw material prices.
Thus, it is expected that the stock will see a price target of Rs.251 in 8 to 10 months time
frame on a one year average P/E of 21.59x and FY21 (E) earnings of Rs.11.64.
