RITES trade ideas
RITES on Breakout; above 344.5 on Friday 3 Mar for Intraday gainRITES on Breakout; above 344.5 on Friday 3 Mar for Intraday gains
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Breakout retest complete - RITESBreakout and retest complete. Good stock for long term investment.
*FOR EDUCATIONAL PURPOSE ONLY*
RITESRITES:- Cup and handle pattern is forming, waiting for breakout, till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BUY RITES AT CURRENT PRICE (R:R 1:46)RITES LOOKING GOOD FOR LONG,
entry- 365 OR CURRENT PRICE.
stopped- 363.5
target 1- 408 (1:29 R:R)
target 2- 432 (1:46 R:R)
GOOD TRADE WITH EXTRA ORDINARY RISK REWARD.
RAIL Gaadi RAIL Gaadi !!RAILWAYS seem to be in good traction with PM-GATI-SHKTI YOJANA and Travel season!
Breaking out of their multi year ranges
Pick your winners !! Timeframes Weekly/ Monthly for birds eyeview!
IRCTC -->
Titagar Wagon-->
Concor-->
IRCON-->
RVNL-->
RAILTEL-->
SIEMENS->
TEXMACO Rail-->
IRFC-->
BEML-->
RITES-->
Head and Shoulder Pattern in RITES LtdRITES Ltd. Is forming head and shoulder pattern on daily charts. Neckline support around 359/-.
RITES - Ichimoku Bullish Breakout Stock Name - Rites Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 419
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Buy Today, Sell Tomorrow: RITESDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in RITES
Buy Today, Sell Tomorrow: RITES
RITESNSE:RITES
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Buy RITES (nse symbol) for the targets of 15%Catch the moment in Rites (nse symbol)
Stock selected with 3 Parameter Strategy
Buy near 316
First Target 334
Second Target 366
Cash Market stock
RITES - Ichimoku Bullish Breakout Stock Name - Rites Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 331
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Rites Ltd Rites Ltd. Strong PSU fundamental company, debt free company.pay divided yeild @5%+ company top line & bottom line is growth with 15% CAGR on 5yrs. Long term channel breakout on chart..CMP:324 sl:280(wcb) Target:410/550. Since market short view is negative and market is very volatile kindly do follow property position sizing as per your risk.
RITES | Looks good for 25% @ This price the dividend yield is 6%RITES | Looks good for 25% @ This price the dividend yield is 6%
CMP : 248
SL : 225
Target : 310
1:3 risk reward setup
The dividend yield may attract the bulls.
RITESNSE:RITES
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
RITES CRS is positive with good volume which means that the stock has started to outperform the Nifty index. The stop-loss is marked. This is only for study purposes. Broken the short term down the channel. It has signed lots of MOU in the last month.
Rites Ltd. || Triangle Pattern || RR 1:2.7The Trade is based on the following observations :
~ Continuous support on the trendline.
~ Potential low volume retest on a key zone level.
~ Retest candle is a potential hammer pattern.
~ RR > 1:2.5
The chances of trade playing out are 70 % (premium members are already triggered) DO NOT MISS !
Rites Ltd (Long)Stock gradually moving up
trading above 200 EMA on Daily chart
Trading volume is less
Expected to come near 240 -250
BUY near 240 - 250
SL 235
TGT 279 - 295 -303 - 317 - 325
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
RITES BULLISH STOCK This chart looks good momentum and taken support and eady to fly upside short-term 320 longterm 425
RITES - Swing Candidate With High Potential RITES
Buy-Above 260
Sl-250
T- 290 330 370 400++
The stock is trading on weekly trendline support. Sl is very small here compared to reward. Also there is a trendline resistance, safe traders can wait for that trendline breakout and enter.
Rites ltdRites ltd is currently in a triangle pattern so wait and enter after breakout
It's my first idea correct me If am wrong
Swing Trade - Long Opportunity RitesDetails mentioned on charts
cup and handle pattern breakout good volumes with good support
Use TSL
