RALLIS INDIA LTDОбучение
SWING TUTORIAL - RALLIS
In this tutorial, we analyzes the reversal of RALLIS 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis.
RALLIS reached its all-time high at 362 before experiencing a significant downturn. However, the stock began forming support levels near 200 in June 2022 and retested this level again in May 2023.
Key Observations:
1. Support Levels: The stock consistently found support at ₹200, indicating a potential reversal.
2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure.
3. MACD Crossover: The successful crossover in June 2023 confirmed the bullish trend, creating an entry opportunity.
Trading Strategy and Results:
Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 85% returns in just 57 weeks.
Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points.
Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
RALLIS 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis.RALLIS reached its all-time high at 362 before experiencing a significant downturn. However, the stock began forming support levels near 200 in June 2022 and retested this level again in May 2023.Key Observations:
1. Support Levels: The stock consistently found support at ₹200, indicating a potential reversal.
2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure.
3. MACD Crossover: The successful crossover in June 2023 confirmed the bullish trend, creating an entry opportunity.
Trading Strategy and Results:
Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 85% returns in just 57 weeks.
Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points.
Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
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