Cup & Handle Breakout with Retest-Highest Net Income to Back it The Stock is A Weekly CUP n Handle Breakout which has come to Retest
RTNINDIA trade ideas
TURNING BULLISH: RATTANINDIA ENTERPRISESRattanIndia has been in uptrend for the past couple of sessions.
Price above the short-, medium-, and long-term moving averages indicates strong momentum.
20EMA decisively crossed above 50EMA with decent volume.
Resistance levels: 86, 93 levels
Support: 77, 71 levels
Pros based on Fundamental Analysis:
Stock meets most CANSLIM Investment requirements.
Business with strong TTM EPS Growth and robust yearly EPS growth.
Excellent quarterly growth in the most recent data.
Businesses with increasing net profit margins on both a quarterly and TTM basis.
Net Profit Growth as Profit Margin Increases (QoQ).
Increasing Profit Margin and Growth in Quarterly Net Profit (YoY).
The company's ability to generate net cash has improved its net cash flow over the last two years, and
DII or FIIs have increased their shareholding.
Current Outcomes: Operating Profit Growth along with Rising Operating Margin (YoY).
Long RTN IndiaGood Results Volume Spike
Made higher lows. Good Pullback Levels at daily timeframe.
SL 78 6%
cmp 83.65
target 110
RR 5.36
Buy Rtnindia for a target of 100Buy Rtnindia for a target of 100 in two months.
Stock looks strong can l, can be added to portfolio
Rattan India Go long Monthly time frame breakout Targets mentioned on the chart
Fundamentally Strong
NO CONS in the company
Long Term view on #RTNINDIAThe analysis is for Long term where in it is showing potentials of reaching triple digit in coming years. (5,10,15)
### Price Movements:
1. **Current Price and Trend:**
- The current price is \(84.41\) INR, up by \(11.56\) INR (+15.87%).
- The stock is in a strong upward trend, as evidenced by the ascending price channel.
2. **Price Channel:**
- The price is moving within an upward channel. This channel indicates a long-term bullish trend.
- The top of the channel projects potential future highs, while the bottom of the channel provides support levels.
- The target is taken on the basis of the flag pattern
### Indicators:
1. **Volume:**
- The volume is significant at \(168.569M\), indicating high trading activity.
- An increased volume during upward movements often confirms the strength of the trend.
2. **MACD (Moving Average Convergence Divergence):**
- The MACD line (blue) is above the signal line (orange), indicating bullish momentum.
- The histogram is positive, reinforcing the bullish sentiment.
- The MACD values are \(1.55\) (MACD line) and \(11.39\) (signal line), which suggests strong bullish momentum.
### Key Observations:
1. **Historical Performance:**
- The stock has shown significant growth over the past few years, particularly since early 2020.
- A major price surge can be seen around mid-2021.
2. **Support and Resistance:**
- Immediate support is around the \(50\) INR level, which is a previous consolidation area.
- Resistance levels can be projected using the upper boundary of the ascending channel, around the \(120\) INR mark in the near term.
3. **Price Projection:**
- The chart indicates a projected move to \(938.54\) INR, which is a very optimistic target (+1292.46%). This projection aligns with the upper boundary of the long-term price channel.
### Conclusion:
The technical indicators and the price channel suggest a continued bullish trend for RattanIndia Enterprises Limited. However, given the significant rise, it is essential to monitor for any signs of overbought conditions and potential pullbacks. The strong volume and positive momentum indicators support the potential for further growth, but investors should remain cautious and consider setting stop-loss orders to protect against sudden market reversals.
[Swing Trade] RTNINDIA 78RTNINDIA has given a BO with good volume. I will wait for retracement and then will make an entry.
DYOR - This is not a buy sell reco.
breakout stockstock has broke the sideways consolidation has upside momentum of 15 %, can wait for little pull back and enter or enter when price crosses above breakout candle
SL, strictly below 10 EMA or below breakout candle..
Weekly breakout filter on stock edge analysis on 2 h time frame On stock edge weekly breakout analysis, price has given a breakout.
2H time frame study shows price has reached the trendline, and getting rejected from there.
We should take trade in downward direction instead of up direction of breakout of weekly time frame.
Weekly breakout filter on stock edge analysis on 2 h time frame On stock edge weekly breakout analysis, price has given a breakout.
2H time frame study shows price has reached the trendline, and getting rejected from there.
We should take trade in downward direction instead of up direction of breakout of weekly time frame.
RTNINDIARTNINDIA breakout with volume.
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose
RTNINDIA long at 77.5Price broke down trendline and took support from the same and made a triangle pattern
with significant volatility contraction
RSI going above 60
RS line also breaking above moving avg
Sl below 73.9 tgt above 92
Rattnaindia Ent ltd analyasis on 22 Feb 24Rattnaindia Ent ltd analyasis on 22 Feb 24
keep stoploss near 20 Ema @ 56
add 25% now
try to buy on deep till breakout support @ 70
90 - 100 -110-120
and breakout target 130
Ready to Blast Off (Positional Pick)Rattan India has given a fantastic breakout on Weekly Timeframe.
Wait for candle close and then build positions gradually as this is a positional trade.
The volume spike has been the highest ever in this stock so that gives it more confidence.
Wait for some retracement to get a better risk reward
Rattanindia Enterprises Ltd#RTNINDIA
CMP :₹.88.60/-
Date : 04-02-2024
Fundamentally a weak stock. Technically looking very good. Stock is now at a multi resistance zone. If it breaks with significant volumes then an awful move can be expected.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
RTNINDIA To Rally Further #RTNINDIA experienced robust recovery from recent lows, marked by its peak trading volumes on Nov 21, '23.
Despite a notable 9% decline on Dec 20, the intriguing aspect is the absence of sustained selling.
Currently, the stock is riding smoothly along the 50-day moving average, consistently forming higher lows within its base.
RTNINDIA stock Breakout All Time HighIt appears that the stock "RTNINDIA" has recently experienced a breakout, reaching an all-time high. A breakout typically indicates a significant upward movement in the stock's price, suggesting increased investor interest and positive market sentiment. Investors may view this as a bullish signal, potentially signaling further price appreciation. However, it's important to conduct thorough research and analysis, considering various factors such as company fundamentals, market conditions, and any recent news that might impact the stock.
Rattan India Rattan at 87
Looking good on chart.
Pattern if we observe bullish engulfing and sort of Morning star which we observe rarely.
Volumes are rising that's another good sign.
Watchout for it.
Disclaimer - I am invested in it views are for educational purpose not a recommendation.
RattanIndia Enterprises Stock AnalysisFlag and Pole Pattern. All Targets are Mentioned on the screen in a monthly time frame chart
PS - This is Chart analysis and not a Buy or Sell Recommendation.
RattanIndia Ent Ltd Ascending Triangle breakout RattanIndia Ent Ltd Ascending Triangle breakout on monthly timeframe. Entry at breakout candle high and stoploss at recent swing low.
RATTANINDIA ENT LTD[W]-Strong chartRATTANINDIA ENT LTD -Strong chart formation upside potential 50-70% in short term-
Trade with STOPLOSS only
Amazing breakout on Weekly / Daily Timeframe - RTNINDIACheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
I was able to capture this gem at 70/-
RattanIndia Enterprises Ltd - Long Setup, Move is ON...#RTNINDIA trading above Resistance of 56
Next Resistance is at 96
Support is at 50
Here is previous chart:
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.
