The sharp trended decline in this stock price (Rallis India Ltd) is in the process of reversing
up in this week.
The stock price has witnessed a sustainable upside bounce so far from near its support of
up sloping trend line at Rs 274 levels. Hence, one may expect further upside to confirm a
bottom reversal pattern in the stock price.
The larger degree of higher bottoms intact in the last one year and the recent swing low of
Rs 270.15 of this week seems to be a new higher bottom of the sequence.
The overall chart pattern of RALLIS indicate long trading opportunity. One may look to
create positional long as per the levels mentioned above.
up in this week.
The stock price has witnessed a sustainable upside bounce so far from near its support of
up sloping trend line at Rs 274 levels. Hence, one may expect further upside to confirm a
bottom reversal pattern in the stock price.
The larger degree of higher bottoms intact in the last one year and the recent swing low of
Rs 270.15 of this week seems to be a new higher bottom of the sequence.
The overall chart pattern of RALLIS indicate long trading opportunity. One may look to
create positional long as per the levels mentioned above.