RAJRATAN trade ideas
support and resistanceBeautiful uptrend, clean smooth move with little volatility all the way. Froming a nice base with volatility of 15%, volumes on upday is good. Will be going long above the horizontal line
Intraday trade : watch for resistance bocan buy above 1100 which is just above resistance
For Intraday-
keep qty less as this stock is not very liquid.
For Stoploss use 5 minute chart and see nearest support give some buffer as this stock gives some wild swings.
for target also use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
STOCK FOR TOMORROW RAJRATNGood evening all dear investors and traders, for tomorrow RAJRATAN Can be on RADAR. If sustained 30 minutes candle above 1095 WE CAN WITNESS huge upside in days to come. Whenever I say if sustain I mean to say is sustaining more than 30 minutes candle. i believe in less trade but sure trade.
I have only express my ideas this is not any advise of tip take your own decision we are not responsible for anything please.
Regards.
Breaking out from consolidationBreaking out from consolidation with great volume.
Great buy opportunity. Might retrace little bit and will give opportunity to increase the position.
Opportunity?Been holding this from past few months (only tracking quantity).
Waiting for weekly candle to close above 460 region to add more.
Trailed my SL around 375 region (wcb).
Very tight consolidation on weekly. If candle closes above 460 region then we might get a decent push. For now I'm just waiting for weekly candle close.
Enter slow, exit fast.
Rajratan Global Auto ancillaries are doing good and this counter has been slowly consolidating in a range. its a low volume stock but looks like a good investment for a medium term hold. Entry would be between 425 to 435
Not a SEBI authorised advisor.
RajRatan Global - BreakoutA little know smallcap company which supplies wires to tyre companies. As tyre stocks start getting tailwinds from demand, expect this stock to shoot up too since it is a market leader in India in this segment. They deal with all the tyre majors.
Technically long above 350. SL 3-5% below purchase price. High volumes are usually good for the company. The results too were good so not to worry about it.
This stock could catch momentum.
Hidden Gems and now givin strong breakout with momentum. Rajratan global a small company in auto ancillary segment doing great business. if I am looking at monthly chart stock given breakout around 600 level and given high of 875. now in current bearish sentiment stock corrected almost 30%. kindly use this opportunity to buy this stock at again 600 level. whenever market sentiment gets turn bullish stock can rally again. one can look for the target in the zone of 1600-1800 in a year.
