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
RTNPOWER
Do not think that nothing has happened in the market today!Do not think that nothing has happened in the market today and it was a pure sideways day.
No, it wasn't.
The intraday trend in NSE:NIFTY has tilted upward, but the daily trend got whipsawed today with sellers outnumbering buyers by 6.6 million volume. However, there was also buying push from the downside, and until that is held, we are good. When that breaks, we may see a downside in a few days.
All this is happening because of #Banknifty. I have been saying that BNF is getting weaker.
Ho
RATTANINDIA POWER LTDTechnical View:
Price: ₹14.39 (+3.60%)
Volume: Very strong volume (~645M), indicating institutional interest or strong buying pressure.
EMA: Price is trading well above the EMA – confirms short-term bullish strength.
RSI: Currently at 66.67 – strong positive momentum.
Chart Pattern View:
Price is moving within a well-defined ascending channel.
Recently rebounded from the lower boundary – and now heading toward the upper resistance line.
Candlestick View:
Strong bullish candlestick seen in
RTNPOWER – A Classic Price Action Study Around Major Trendlines🟦 Dotted Blue Line
Represents the main counter trendline, stretched over a significant duration. Price has currently pushed above it, but the weekly candle is still open.
⬜ White Line (Hidden CT)
A hidden resistance line, drawn from key lower highs. Price is currently reacting near this line — acting as a logical area where sellers might test control ( for my setups )
🟨 Yellow Zones
These levels highlight higher lows, a sign of evolving structure. These bases often add context to the strength
#RTNPOWER TRADE SETUPGreetings Folks,
today i have prepared a setup of RTNPOWER on NSE
the analysis is as follows-
- The price is speculating in a minor range right now
- very straight forward setup, wait for breakout either side as i am not in a particular bias right now
don't play with fire, always use a predefined stoploss







