If 370 support sustains on 3rd July then possible bounce to ( 413 ) 13th July or within 2nd week of July .
If support above 413 on 13th July or end of the 2nd week then 478 ( 23rd Aug ) is next 🚀
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
#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...
Hello 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...
#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...
📊 DETAILS
Sector: Transport Infrastructure
Mkt Cap: 12,848 cr
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...
#RITES trading above Resistance of 558
Next Resistance is at 698
Support is at 417
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...
RITES
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TF-1W
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Risk takers can enter at CMP (498.30) & for safe players enter above CoS level.
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(Keep on radar IRFC & IRCTC as well.)
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
-Very Strong Closing Above Resistance And Now At ATH
-strong breakout with high volume
-rise in RSI & Adx
-above all crucial ema & SMA
-keep in radar it can give decent return
It is only one export arm of Indian Railways for providing rolling stock overseas,It's engagements are consultants, engineers, and project managers
Market Cap 16,455 Cr
ROCE 29.7%
InstHold 15.5%
Rounding Bottom Breakout retest with Volume and Reversal.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Rites Ltd has given a strong breakout with support of good volume. Strong buyers are active in this stock before the result. Company is expecting a good quarter. My Targets are 660, 690, 715, 735, 780.
Only for educational purpose.
Do your own research.
#RITES trading above Resistance of 417
Next Resistance is at 558
Support is at 331
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
Key points to be remembered :
> @509 it forms a very strong support which has already tested multiple times.
>RSI is at a very good point near 59 which means it's not overbought level
>also it has formed a slight cup and handle pattern in daily pattern which indicates of positive breakout
>Need to keep in radar for the next upcoming sessions which it might break...
- 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
-CMP 524.6
-Huge Volume buildup near breakout zone
-On the verge of Ascending Triangle #Breakout
-Last MontCPR is inside
-Price is above all major SMAs
-Suppt 500
#IRFC #TEXRAIL #IRCON #RVNL #BREAKOUTSTOCKS #Multibagger #nifty #StocksToBuy
#RailwayStocks #PSU #NSE
Technical Analysis:
RITES has been consolidating in a robust rounding bottom pattern, a structure widely recognized as a sign of healthy consolidation. The stock has spent approximately 4 months forming this pattern, indicating a strong foundation for a potential breakout.
Rounding Bottom Structure:
A rounding bottom is a bullish reversal pattern that signifies...
