RITCO#RITCO
The stock is trading above strong resistance.
We can see a breakout as volume is rising in the stock,
support of 50MA in daily chart.
The ratio chart is also on breakout.
Entry:- 400
Target:-440/480/570
SL:-360
Trade ideas
RITCO - SWING TRADEGood up move, followed by a consolidation.
Finally moving out of a range with good volumes.
Good swing trade setup!
RITCO Logisticsout of long Long base and now in small rectangle congesiton, good resistance to today's fall
RITCO LOGISTICS - Bullish Consolidation with VolumesNSE: RITCO is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 13% to 21% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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RITCO Swing Trading Idea (Pullback)
Up-trending stock
Favorable Risk to Reward
Target and Stop Loss level mentioned on chart
