Double Bottom Formation Breakout - Keep Accumulating
Rallis India belongs to the Industry of Agro Chemicals/Pesticides.
The Stock has formed double Double Bottom on Charts and there is a clear breakout with excellent volume. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 17% from 50DMA and 200DMA.
The Company is fundamentally sound with a reasonable debt to equity of 2% which signals a healthy Balance Sheet. Rakesh Jhujhunwala holds a stake of 9.93% in the Company.
Keep Accumulating at these levels with positional to long term mindset for targets of 400-450
Feel free to share your feedback and queries
The Stock has formed double Double Bottom on Charts and there is a clear breakout with excellent volume. The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 17% from 50DMA and 200DMA.
The Company is fundamentally sound with a reasonable debt to equity of 2% which signals a healthy Balance Sheet. Rakesh Jhujhunwala holds a stake of 9.93% in the Company.
Keep Accumulating at these levels with positional to long term mindset for targets of 400-450
Feel free to share your feedback and queries
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