RALLIS INDIA
After Recoomendtion on 9/01/2021 @Rs 302, Rallis India touched Rs.362.60.forming a recent top. Then undergoes correction confirming an uptrend channel. Now after bottoming out starts the upward journey for targeting Rs. 360. The double RED line at Rs. 270-300 is very strong support which was Resistance from the Year 2015. So above 360-365. A new upward journey will be started targeting 490.
In this weekly chart, RSI takes support from 40 levels. Macd stars converging for a bullish crossover.ADX(DMI) Bullish blue line(DI+) ready to go upside again after touch & kiss yellow line(DI-) which provides more confidence for rising up of price.
