Rites Ltdis an India based engineering and consultancy company. More than 70 % promoter holding with 0 % pledge and almost debt free. Now it has broken up its multiple resistance line. Waiting for the confirmation of retesting . If it breaks 510 levels then 550 - 575 levels can be picked up within 2-3 months
Rites is showing consolidation as well as cup and handle breakout and showing good volume breakout with good delivery. company holds good fundamental with solid FII, DII and Promoter holding.
CMP : 450
TG : 560
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout .
2: Support : Volume, Delivery & VWAP.
3: Technical :...
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
Rites Ltd
CMP: Rs. 473.35
Buy Around: Rs. 464/465
Target: Rs. 502
Stop Loss: Rs. 445
Technicals: Symmetrical Continuation Triangle (Bullish)
Time Frame: 7-10 Days
Note:
Traders and investors often use them in conjunction with other technical and fundamental analysis tools to make more informed decisions.
This chart analysis is only for reference purpose.
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Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
SL can be Maintained below Breakout Candle
price took support at 200 day EMA and moving up crossing 18 and 50 day EMAs
price >50>18>200 EMA
MACD 12--26 crossing signal line
Sym triangle breakout likely to happen
Company's Overview
RITES Limited is a company in India that was started in 1974. It is a government-owned company and is known for its expertise in transportation consulting and engineering. The company is the only export arm of Indian Railways for providing rolling stock overseas.
Technical
As visible from the chart price has retested its resistance multiple...
RITES LTD monthly and weekly strong resistance of 430 in the uptrend channel. If it sustains above in day open and close of 463, it will reach the short-term target of 539.Stop loss 405
