Rajesh Exports Is Down 40% In 6 months: Full Analysis

Nilesh Jain, Head of VP-Technical and Derivatives Research at Centrum, highlights that Rajesh Exports has formed a rounding formation on the multi-year chart, signaling a drastic correction. Despite the downward trend, there may be a slight pullback towards ₹200-225, which could present an opportunity to exit your position. If you decide to stay longer, Nilesh suggests setting a stop loss around ₹151 to limit further risk. Given the drastic correction and erosion of your principal, it’s crucial to review the situation carefully before deciding whether to exit or wait for a potential recovery.