RTNPOWER Nearing Breakout Zone Again After Retest#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
