RITES:- Cup and handle pattern is forming, waiting for breakout, till then keep an eye
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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RITES LOOKING GOOD FOR LONG,
entry- 365 OR CURRENT PRICE.
stopped- 363.5
target 1- 408 (1:29 R:R)
target 2- 432 (1:46 R:R)
GOOD TRADE WITH EXTRA ORDINARY RISK REWARD.
RAILWAYS seem to be in good traction with PM-GATI-SHKTI YOJANA and Travel season!
Breaking out of their multi year ranges
Pick your winners !! Timeframes Weekly/ Monthly for birds eyeview!
IRCTC -->
Titagar Wagon-->
Concor-->
IRCON-->
RVNL-->
RAILTEL-->
SIEMENS->
TEXMACO Rail-->
IRFC-->
BEML-->
RITES-->
Stock Name - Rites Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 419
#This is not Buy and Sell recommendation to any one. This is for education purpose and...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
NSE:RITES
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Stock Name - Rites Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 331
#This is not Buy and Sell recommendation to any one. This is for education purpose and...
Rites Ltd. Strong PSU fundamental company, debt free company.pay divided yeild @5%+ company top line & bottom line is growth with 15% CAGR on 5yrs. Long term channel breakout on chart..CMP:324 sl:280(wcb) Target:410/550. Since market short view is negative and market is very volatile kindly do follow property position sizing as per your risk.
RITES | Looks good for 25% @ This price the dividend yield is 6%
CMP : 248
SL : 225
Target : 310
1:3 risk reward setup
The dividend yield may attract the bulls.
NSE:RITES
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
CRS is positive with good volume which means that the stock has started to outperform the Nifty index. The stop-loss is marked. This is only for study purposes. Broken the short term down the channel. It has signed lots of MOU in the last month.
The Trade is based on the following observations :
~ Continuous support on the trendline.
~ Potential low volume retest on a key zone level.
~ Retest candle is a potential hammer pattern.
~ RR > 1:2.5
The chances of trade playing out are 70 % (premium members are already triggered) DO NOT MISS !
Stock gradually moving up
trading above 200 EMA on Daily chart
Trading volume is less
Expected to come near 240 -250
BUY near 240 - 250
SL 235
TGT 279 - 295 -303 - 317 - 325
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
RITES
Buy-Above 260
Sl-250
T- 290 330 370 400++
The stock is trading on weekly trendline support. Sl is very small here compared to reward. Also there is a trendline resistance, safe traders can wait for that trendline breakout and enter.
RITES Ltd. engages in the provision of transport infrastructural services. It operates through the following segments: Consultancy Services; Leasing of Railway Rolling Stock and Equipments; Export of Rolling Stock, Equipments and Spares; and Turnkey Construction Projects. The company was founded in 1974 and is headquartered in Gurgaon, India.
NSE
