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NISM Certified Research Analyst & Mutual Fund Distributor.

Wednesday 1 May 2013

RALLIS INDIA 1513

THE COUNTER HAD A VERY STIFF RESISTANCE NEAR 130 MARK WHICH HAS NOW BEEN BROKEN ON A CLOSING BASIS. DURING RECENT PAST IT IS WITNESSING HIGHER THAN AVERAGE VOLUMES AND IS FORMING ASCENDING TRIANGLE PATTERN ON A DAILY CHART. WITH THE INDICATORS LOOKING QUITE STRONG WE EXPECT THE COUNTER TO MOVE HIGHER IN COMING DAYS. RECOMMEND BUY AROUND 135 WITH THE CLOSING SL OF 129 TGT 146-152 IN SHORT TERM.


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