raavigeorgian

Rallis India Double Bottom Pattern / Good volumes

NSE:RALLIS   RALLIS INDIA LTD
Agro Chem sector on fire.
(However Global markets are weak. US bond yields chart has given a DTL BO.)
Exercise caution. Let's see how it plays out for Indian markets.


SL: Below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)


BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.



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