NSE:RATEGAIN has bounced from its support levels and can be added to the portfolio at these levels. I also expect a solid Q4 from them in the coming days when they announce their results. The correction that came in this counter never felt like a long term downward move. So I do believe that investors can add this fundamentally strong stock at these levels. Stop...
Chart -> Rategain Daily
Cup and handle breakout with volume pop-up on the chart. Small resistance of 405, above it ATH we can target.
CMP: 395
Good Range: 370 to 395
Target: 515
SL: 360 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before...
RateGain travel tech ltd was in the Rectangle zone in the daily chart from May 2022
The Breakout Candle volume is 2.194M
Wait for the next day's candle to take support, then it's a good opportunity to take a position in this trade. I will share the Target and Stoploss after.
Rategain in forming a very very big triangle and is likely to give excellent returns post breakout. The triangle formation is clearly visible in the chart. Trade only on breakout for targets of previous high. Rategain is a big proxy play to the hotel industry and should be kept on radar.
Rategain is on support levels and this is the best place to accumulate this travel industry related share. Other SaaS businesses have shown some strength while this one has been hammered by the markets. I expect some recovery.
