RANEHOLDIN trade ideas
RANE HOLDINGS 20% returns shortterm buyRANEHOLDING:
stock trading at 560
rising lower trend line (support)
decending upper trend line (resistance)
and price compression happening at 574 zone
clear breakout price action above 593
we can buy the stock from 560 current market price till 550
for positional short term targets 593/614/653/713++
keep stop loss at 523 on closing basis
note : 20% potential returns possible in this stock in short time frame of 3 months
Rane Holdings - CMP: 597 ACCUMULATEStock is in the accumulation zone. Closing above 630 will be a breakout of the zone. Also stock has very strong fundamentals. On every dip accumulating stock will give a good reward. Also, we can see positive divergence on the daily chart. Good price movement expected in the near time frame.
#RANEHOLDINCCI(All)>100
Required Weekly H > 2709.65 and C > 2544 with strength
Target 1156 /1275 /1486
SL 2000
CMP 2599
