Have been mentioning about Rallis India in my interactions as a favorite for a medium to long term investment in the agri segment. A big triangle and channel breakout got confirmed above 150-155 which gives us a possibility of a good move in coming months.
Todays move its again testing the resistance at 173-175 which we expect to breakout in coming days and head up to 185-190.
Over all the medium term target remains beyond 250. Re-iterate a buy on dips.
TECHNICAL ANALYSIS – ONLINE TRAINING planned for mid December.
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Book Recommendation
The Fountainhead – Ayn Rand – One of the must read books. Can keep on reading it again and again.
Nooresh Merani
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November 30, 2013
Hi, any followup on Rallis India? I bought around 183 levels during close and is it worth waiting for another week?