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RITES LTD
Long

Candle Stick Pattern : Inverted Hammer

By Mr_Financial_Literate
] Inverted Hammer is a Bullish Pattern that indicates a reversal. This indicates that the price is falling for many days It is time to change its direction to go up. This pattern is formed on a daily time frame with a high volume which indicates Momentum. As price is on 200 days EMA which acts as a support. There is a high Probability of Stock going up. Risk to Reward is favorable for this Trade. We hope that Rites Industries is good for Swing Trade. -Mr.Financial_Literate

bullishreversalCandlestick AnalysisInverted HammerswingtradingTrend AnalysisTrend Lines
Mr_Financial_Literate

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