Rachit_Sethia

#RITES CMP264.65 #Target 283 #POWERINDIA #NHPC #NTPC #ModiSpeech

Long
NSE:RITES   RITES LTD
Daily Chart
#RITES
NSE: RITES
Short Term Quick Profit
CMP 264.65
Target 1: 272.65
Target 2: 283
SL : 251
Timeframe < 30 Days
Can hold for longer time



ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!

Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia
Trade closed: target reached: First Target 272 breached!
Price sustained above it!
Next target coming soon!
Trade active: Awaited.
Trade closed: target reached: Target 2 reached

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