🧩 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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