#OnRadar
#RTNPOWER (RattanIndia Power Ltd.)
CMP: 15.83
Support Zone: 10.00 – 7.90
📊 Technical Outlook:
Earlier gave a strong breakout from a Cup & Handle pattern on the long-term chart, rallying up to 21.13. However, it failed to close above the 2012 high of 20.70 on a monthly basis, triggering a healthy pullback to retest the breakout zone.
The stock is now showing renewed momentum. A monthly close above 20.70 may open the door to all-time highs near 45.
Extended View:
If the stock sustains above its all-time highs, long-term targets of 75 / 100+ could be achievable, subject to broader market conditions and continued trend strength.
📎 This is a technical observation, not a buy/sell recommendation. Please consult a SEBI-registered investment advisor before making any investment decisions.
📝 This stock was discussed in personal circles around ₹3.55 in 2022 for educational purposes.
#RTNPOWER | #TechnicalAnalysis | #CupAndHandle | #StockCharts | #LongTermView
#RTNPOWER (RattanIndia Power Ltd.)
CMP: 15.83
Support Zone: 10.00 – 7.90
📊 Technical Outlook:
Earlier gave a strong breakout from a Cup & Handle pattern on the long-term chart, rallying up to 21.13. However, it failed to close above the 2012 high of 20.70 on a monthly basis, triggering a healthy pullback to retest the breakout zone.
The stock is now showing renewed momentum. A monthly close above 20.70 may open the door to all-time highs near 45.
Extended View:
If the stock sustains above its all-time highs, long-term targets of 75 / 100+ could be achievable, subject to broader market conditions and continued trend strength.
📎 This is a technical observation, not a buy/sell recommendation. Please consult a SEBI-registered investment advisor before making any investment decisions.
📝 This stock was discussed in personal circles around ₹3.55 in 2022 for educational purposes.
#RTNPOWER | #TechnicalAnalysis | #CupAndHandle | #StockCharts | #LongTermView
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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.