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Rites - Symmetrical Traingle.Time Frame : Weekly ### Technical Analysis: 1. **Symmetrical Triangle Pattern**: - The chart shows a symmetrical triangle pattern, which is a consolidation pattern that usually leads to a continuation of the previous trend. - The price has recently broken out of the triangle, indicating a potential bullish move. 2. **Price Movement**: - The breakout has occurred with a significant move upwards, indicated by the large bullish candle. - The projected target from the breakout is around 1052.65 INR, which is a 42.34% increase from the breakout point. 3. **Volume**: - The volume has spiked during the breakout, which adds credibility to the breakout. Increased volume during breakouts generally signifies strong buying interest. 4. **RSI Divergence Indicator**: - The RSI (Relative Strength Index) is at 58.50, which is in the bullish territory but not overbought. - There is a noticeable bullish divergence in the RSI, where the price makes higher lows while the RSI makes lower lows. This often precedes upward price movement. ### Conclusion: - The symmetrical triangle breakout, coupled with increased volume and RSI divergence, suggests a strong bullish outlook for RITES LTD. - The price target based on the height of the triangle adds to the potential for a significant upside. - Traders might consider entering a position on a pullback to the breakout level or a continuation of the current trend.
NSE:RITESLong
by brijmohan_h
Prime Focus - Bullish Swing Reversal with VolumesNSE: PFOCUS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 20% to 30% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:PFOCUSLong
by BrahmaBull31
GABRIEL - Bullish Swing Reversal with VolumesNSE: GABRIEL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 12% to 19% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:GABRIELLong
by BrahmaBull31
COROMANDEL - Bullish Swing Reversal with VolumesNSE: COROMANDEL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 18% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:COROMANDELLong
by BrahmaBull31