Post
tradeculturee
Stock Bets
#RALLIS - Potential Momentum Burst
Technical Analysis
⦿ Moving in a strong uptrend with a stair pattern in a wide channel.
⦿ On July 15, the company posted strong results but has since consolidated for a month. Now, it’s time to capitalize on those earnings.
⦿ A clean base has formed with static resistance at 386.
⦿ Price is approaching resistance for the third time, with increased volume over the last three days.
⦿ Plan: Trade above resistance with a 2% stop-loss to target a 10% move.
🟢 Entry: 386
♦️ Stop: 375
🎯 Target: 400, 425+
This information is for educational purposes only. Conduct your own analysis and follow proper risk-to-reward and position-sizing rules before investing.
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Keep Learning,
Happy Trading 🤞
Aug 18 8:53 AM
NSE:RALLIS price when posted: 379.45