UPL Swing TradeUPL turned Bullish after a long bearish trend. Financials were beaten up by the estimated results. Forming a Cup and handle.
Entry - Above 560
Target - 705
Stop Loss - 519
Agrochemical
SWING IDEA - RALLIS INDIARallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators.
Reasons are listed below :
After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a significant shift in market sentiment.
A robust bullish candle close on the weekly timeframe, accompanied by massive volumes, underscores strong buying interest and potential for sustained upward momentum.
The price found support at the 0.382 Fibonacci level, adding weight to the bullish thesis and reinforcing the likelihood of continued upward movement.
Breaking free from a consolidation phase lasting over 2.5 years, Rallis India demonstrates potential for a new bullish trend trajectory.
Trading above both the 50 and 200 exponential moving averages (EMA) on the weekly timeframe, with the 50 EMA crossing over the 200 EMA, further bolsters the bullish outlook, suggesting strengthening upward momentum.
Target - 325 // 353 // 392
StopLoss - weekly close below 245
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PIIND: Outperformer name in agrochem space
The following stock is largely outperforming the agrochem space
in last couple of weeks its in an uptrend
The agrochem other peers are in downtrend largely
the result were strong and there are high chnaces for the stock to gain market share and become even stronger
coming on technicals, it gave a fake downtrend and emerged stronger thereafter
its trading n an upward slioping trendline
expected target on higher side are
1) 4288
2) 4767
3) 5540
all above with a strict stop below 3250-3230 area
