#Rallis #breakout #vcp #vcppattern #swingtrading #momentumtrading #trading
Rallis India : Holding Period (1-3 months)
>> Breakout Candidate
>> Classic VCP Pattern
>> Good Strength in Stock
>> Volumes Building up
>> Low Risk High Reward
Swing Traders can lock 10% profit & keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it....
Rallis India Seems to be in a good accumulation zone. A truncated wave formation in the rock demand zone.Few indicator information for a rally confirmation are :
- RSI above 60
- ADX above 30
- ROC above 2
I hope this stock may perform soon or sooner irrespective of the market scenario. However as market is supreme so we need to maintain a SL. The SL seems to be...
Stock ATH : 364.15
Lower Trend Line support from 1/1/2009
Upper Trendline Support from 01/04/2010
Crossing vertical line from 7/6/21
Ready for Big Move
Targets on chat.
Disclaimers : I am not a SEBI Register Advisor, this idea is on Technical Analysis only,
it is not a buy call but my opinion on the chart structure.
RALLIS Analysis & Prediction
This is the analysis of Rallis in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the Triangle Pattern with volume. This break out level may be retest in near future. If it will sustain above the breakout level, it is good for the stock. Generally Triangle Pattern Breakout is a bullish signal...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
NSE: RALLIS is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain...
A good reversal from Fib. level and change in structure can be seen after breakout. We are preempting a good reversal with increasing volume. We can go long with the given SL and Targets.
An on Neck BO is Confirmed on the Weekly charts of NSE:RALLIS One can look to create a fresh position in the srcip at 220 with a stop loss of Rs. 210 on weekly closing basis for a target of Rs. 230/240/250.
Exit the position if the stop loss is triggered on WCB.
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A chemical sector company engaged in the field of pesticides & agrochemicals . Company is from Tata group with a promoter holding of more than 50% . Its a zero promoter pledge company with low debt. Company is now in the transformation of loss to profit and also from negative to positive sales.Good volume spike happened in the stock which shows a good momentum....
