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RITES Ltd.

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RITES trade ideas

RITES Swing Breakout – Entry, Stop Loss, TargetsRITES has confirmed a clean breakout above the key EMA cluster (10/20/50/100) with strong volume and positive PSU momentum. The stock reclaimed the 200 EMA and closed near the day’s high, indicating strong buying interest. 🔹 Technical Highlights: ✅ Price above all major EMAs (bullish alignment) ✅ Volume spike vs 30-day average ✅ RSI ~63 (momentum healthy, not overbought) ✅ Relative strength outperforming NIFTY 🔹 Trade Plan: Entry Zone: ₹288–295 Stop Loss: ₹269 (EOD close basis) Target 1: ₹320 Target 2: ₹345–350 Invalidation: Sustained close below ₹269 This setup offers a favorable risk-reward for a swing trade, supported by strong technicals and sector tailwind. #SwingTrading #Breakout #RITES #TechnicalAnalysis #PSUStocks
NSE:RITESLong
by Shubhammavric
RITES LTD - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: RITES LTD ( NSE:RITES ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹295.00 (Breakout Confirmation) 🛑 Stop Loss: ₹260.00(Daily Closing Basis) (-12% Risk) 🎯 Target Levels: ₹309.90 ₹326.15 ₹338.05 ₹355.90 ₹374.25 ₹392.35 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily & Weekly RSI >60 (Bullish zone) ✅ Volume Confirmation - Breakout volume 10.67M vs previous day's 1.06M (Nearly 10x surge) ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:RITES for this breakout opportunity? Share your views in the comments!
NSE:RITESLong
by raigvivek
Chart Analysis for RITES Ltd.Trend Analysis: The chart indicates a recovery after a period of consolidation. The recent upward momentum suggests a potential bullish trend. Key Levels: Support Level: Around ₹210 - ₹215, where price has previously bounced back. Resistance Level: Near ₹225, where price has encountered selling pressure. Volume Insights: There is a notable increase in volume during the recent price movements, which indicates strong buying interest and possible continuation of the trend. Candlestick Patterns: The last few daily candles are predominantly bullish, indicating strong buying activity. A breakout above the recent highs might provide more confirmation for the bullish trend. Trading Plan Bullish Scenario Entry Point: Buy if the price breaks above ₹225 with strong volume, confirming the bullish breakout. Target Price: Set a target around ₹240 - ₹250, which aligns with previous resistance levels. Stop-Loss: Place a stop-loss around ₹210 to protect against a significant reversal. Bearish Scenario Entry Point: Consider shorting if the price drops below ₹210 with substantial volume, indicating a potential trend reversal. Target Price: Look for profit-taking opportunities near the support level of ₹200. Stop-Loss: Place a stop-loss above ₹215 to mitigate risk. Risk Management Maintain a risk-to-reward ratio of at least 1:2. Adjust position sizes according to your overall portfolio risk tolerance. Monitoring and Adaptation Keep an eye on market news and broader economic indicators that may affect RITES Ltd. Continuously review support and resistance levels and adjust your trading plan as necessary based on price action and volume. Conclusion This trading plan capitalizes on the bullish momentum indicated by recent price movements. Adjust your strategy according to market conditions and remain alert to any signals of a trend reversal.
NSE:RITESLong
by TradeAXN
Rites Looking Very Strong :- Keep in Radar ✅The stock has been moving within an ascending triangle pattern, which indicates a potential bullish breakout. It recently tested the upper resistance trendline and showed a strong upward movement with significant volume, suggesting a breakout towards higher levels. The support level is maintained at the lower trendline, providing a good risk-reward ratio. ✅RITES Ltd has a robust order book, which includes various national and international projects. Recently, the company secured a significant contract from the Indian Railways worth ₹300 crore, which has boosted investor confidence. The company's consistent performance and strategic expansions into new markets are expected to drive future growth.
NSE:RITESLong
by Marketik
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
RITES - Long Setup, Move is ON...#RITES trading above Resistance of 786 Next Resistance is at 1006 Support is at 597 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RITESLong
by MandeepSinghKohli
I'm sure this Railway stock can be best stock for your PortfolioHello Guy's, i hope you all will be doing good in your life and in your Trading as well. Today i have brought stock from one of the top performing sector in recent time, which is Railways. All Railways stocks like RVNL/IRFC/IRCTC etc, has given multibagger returns in just very short of time, but if i talk about RITES, still has not participated much in recent Rallies. So i am expecting an ongoing momentum can be continue in this stock in coming day's. Company has reduced debt. Company is almost debt free. Company has been maintaining a healthy dividend payout of 80.8%. All this parameters are positive for this PSU stock. Price is above 200-DEMA Stock is forming Higher highs and Higher lows Pattern on daily timeframe Stock has given breakout of earlier Highs and sitting at all time highs Highest Volumes seen on daily timeframes, which is 30.504 Million, this is huge since inception. About Company:- Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). KEY POINTS:- Services The major business engagements of the company are consultants, engineers, and project managers in railways, highways, airports, ports, ropeways, urban transport, and inland waterways in India and abroad. The company also provides services of third-party inspection, quality assurance, construction supervision & project management, operations & maintenance, leasing, export of rolling stock and modernization of railway workshop projects, doubling, and electrification on a turnkey basis. Revenue Split Consultancy Services: 41% in FY22 vs 55% in FY21 vs 68% in FY18 Leasing: 5% in FY22 vs 6% in FY21 vs 6% in FY18 Turnkey Projects: 6% in FY22 vs 33% in FY21 vs 10% in FY18 Export Sale: 36.28% in FY22 vs 5% in FY21 vs 15% in FY18 Power Generation: 0.8% in FY22 vs 1% in FY21 vs 1% in FY18. Geographical Split The company has undertaken projects in over 55 countries across Asia, Africa, Latin America, South America, and the Middle East region. India (domestic): 90% in FY21 vs 79% in FY18 Africa (exports): 7% in FY21 vs 6% in FY18 Asia (exports): 3% in FY21 vs 15% in FY18. Clientele IIM-Rohtak, JNU, Delhi University, Central University of Karnataka, AIIMS, BPCL, SAIL, NTPC, SCCL, CONCOR, Visakhapatnam Port Trust (VPT), Paradip Port Trust (PPT), Subarnarekha Port, Tata Steel, L&T, GMR, Dilip Buildcon among others. Order Book The company had a total order book worth 6435 crores as of September 2021. Turnkey order book does not include approx 4000 crores of new Railway Line projects secured in Q2FY22. The contributions of the business segments to the order book (Q2FY22): Consultancy: 39% Turnkey Solutions: 43% Lease: 2% Exports: 15% Market Cap ₹ 16,455 Cr. Current Price ₹ 685 High / Low ₹ 694 / 311 Stock P/E 34.2 Book Value ₹ 107 Dividend Yield 2.99 % ROCE 29.7 % ROE 21.3 % Face Value ₹ 10.0 Industry PE 40.5 Debt ₹ 4.79 Cr. EPS ₹ 20.0 Promoter holding 72.2 % Intrinsic Value ₹ 494 Pledged percentage 0.00 % EVEBITDA 17.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 9.60 % Sales growth 5Years 11.9 % Return over 5years 29.6 % Debt to equity 0.00 Net profit ₹ 516 Cr. ROE 5Yr 20.8 % Profit growth -11.8 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:RITESLong
by TraderRahulPal
2
RITES - Long Setup, Move is ON...#RITES trading above Resistance of 698 Next Resistance is at 786 Support is at 558 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:RITESLong
by MandeepSinghKohli