Green flag marked is a imp resistance
If sustains above that in weekly then bullish 📈 to 1542
781 (2nd September 2024 ) should act as a support within or on September 2024 for a possible momentum 📈 to 1542 marked on the chart.
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
- The Railway Theme inside the market looks very hot now
- IMO, rites is currently setting up in a way that once it induces back to the FVG it can show an impulsive move
- Point or scenario 2 can be where we directly see an impulsive move right from here so position yourself accordingly and do not over size or over risk
Rites is showing consolidation as well as cup and handle breakout and showing good volume breakout with good delivery. company holds good fundamental with solid FII, DII and Promoter holding.
CMP : 450
TG : 560
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical :...
