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 below 185 and the first target seems to be 220.
Chart & Analysis
Adarsh Dey