Rallis India Head & Shoulder Breakout

Rallis India was moving in a sideways direction from the starting of Feb 2017: wherein we can see a Higher High Higher Low structure on the weekly chart. Few week earlier we witnessed a breakout of Head & Shoulder pattern on the weekly chart.

The Volumes have also increased drastically in the ongoing up move indicating buying interest in the stock.

Momentum oscillators are also placed positively along with the set of moving averages.

We are expecting 320 level in coming few weeks. 260-265 would be a batter zone to enter in the stock with the Stop Loss of 250.