Rallis has bounced support of 140 (pink line). Today's volume was good. Buy in dip @ at 150.50-149 SL 138 (daily closing ) and hold for 180-190 zone.
RSI and CCI are showing crossover on daily chart.
IT SEEMS WILL COME BACK TO 150 LEVEL OR FURTHER TO 110.
IF YOU WANT A TATA GROUP COMPANY, THEN BUY AT 110 - 150 PRICE RANGE.
IF ANY MAJOR POSITIVE DECISION MAKING IS DONE BY MGMT., THEN IT WILL JUST GO TO 200 EASILY.
#RALLIS is forming the Right shoulder of the Inverted H&S bullish continuation pattern on Weekly Chart. Buy on a weekly close above 256 for a target of 350. SL: 238
Rallis India Limited is engaged in the business of manufacture and marketing of Agri Inputs. The Company has its manufacturing facilities in India and sells both in India and across the globe. The Company's segments include Agri-Inputs and Others. The Agri-Inputs segment consists of Pesticides, Plant Growth Nutrients (PGN) and Seeds. The Other segment consists of Polymer. The Company's Non-Pesticide Portfolio includes Agri Services. Its Agri Services portfolio consists of the organic manure product GeoGreen, Samrudh Krishi (SK) initiative, MoPu (More Pulses) initiative and agri implements. The Company's products for crop protection, such as fungicides, including Contaf, Contaf Plus, Master and Fujione; weedicides, including Fateh, Tata Metri, Tata Panida, and insecticides, including Tata Mida, Reeva, Asataf and Manik. The Company also offers various category of products, including hybrid maize, hybrid paddy, hybrid pearl millet, mustard and wheat.
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RALLIS
