A triangle breakout is seen in the weekly charts of RITES with great volumes!!
Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260.
LEVELS:
Entry: CMP and if gives a retracement then at 267
Target 1: 300
Target 2: 325
STOP LOSS: 251 (Closing)
TRAIL STOP LOSS!!
RSI BULLISH
VOLUMES SUPER COOL
MACD BILLISH
Risk-Reward Ratio Favorable
I would recommend going long on RITES for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260.
LEVELS:
Entry: CMP and if gives a retracement then at 267
Target 1: 300
Target 2: 325
STOP LOSS: 251 (Closing)
TRAIL STOP LOSS!!
RSI BULLISH
VOLUMES SUPER COOL
MACD BILLISH
Risk-Reward Ratio Favorable
I would recommend going long on RITES for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.