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RITES LIMITED

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RITES trade ideas

RITESNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:RITESLong
by SENSITRADE_T
RITESMomentum stock for the week: About: RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways. RITES is engaged in the business of Export Sales, Consultancy, Inspection Fee, Services for Turnkey Construction Projects Parameters: Stock P/E- 15.4(12 would be great) Book Value- ₹ 112 Return on assets 11.2 % Why need to buy ? Company has reduced debt. Company is almost debt free. Stock is providing a good dividend yield of 5.77%. Company has been maintaining a healthy dividend payout of 50.45% Targets for short time as per Price action: 303, 317, 324, 335 Commentary about Price action: Stock consolidating with formation of box from 2020 March so can see more up sides if the momentum shifted. Kindly track it in your watchlist. If you are the conservative investor buy @ 225 to 235, Attacking investor means buy now and expect 20 to 30% in 2 to 3 months. Note: Investment in markets is subject to market risk.
NSE:RITESShort
by TN_ERNMAT
RITES LONGA triangle breakout is seen in the weekly charts of RITES with great volumes!! Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260. LEVELS: Entry: CMP and if gives a retracement then at 267 Target 1: 300 Target 2: 325 STOP LOSS: 251 (Closing) TRAIL STOP LOSS!! RSI BULLISH VOLUMES SUPER COOL MACD BILLISH Risk-Reward Ratio Favorable I would recommend going long on RITES for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
NSE:RITESLong
by Keshav2329
#RITES CMP264.65 #Target 283 #POWERINDIA #NHPC #NTPC #ModiSpeechDaily Chart #RITES NSE: RITES Short Term Quick Profit CMP 264.65 Target 1: 272.65 Target 2: 283 SL : 251 Timeframe < 30 Days Can hold for longer time ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections followed by another high! Factors: Inverted Head & Shoulder Pattern Forming Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:RITESLong
by Rachit_Sethia
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