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Rakesh Madhav CFA

11th Dec · SEBI-Registered Analyst

🧩 Stallion India – Early Signs of Bottoming Out

STALLION
What’s Happening: After a parabolic rise from ₹70 to ₹385, the stock underwent a healthy correction of over 40%. Profit booking was triggered by valuation concerns and short-term liquidity unwinding. Recent volume uptick indicates early signs of accumulation near ₹200 levels. Technical View: RSI recovered from deeply oversold 30 → 55. Price reclaimed 9-EMA (₹199), hinting at short-term reversal strength. Resistance near ₹250; support holds firm at ₹200. 📊 Tone: Technical pullback in progress; sustained close above ₹250 could re-ignite medium-term momentum.

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