Rashi Peripherals Long Setup channel pattern 1:2 RRRashi peripherals following channel pattern and forming HH and HL.
Swing Trade
Buy Rashi Peripherals
Above: 306
add few quantities near 300-302
Stop Loss: 292
Target 1 : 325
Target 2 : 340
Trade as per your risk-taking capacity.
Stock has broken trendline with volume also form W pattern on channel support ready for up move to touch upper channel resistance.
Buying at 300 will give 1:4 RR
Rashi Peripherals Limited
No trades
Market insights
Downtrend wedge pattern breakout in RPTECHRASHI PERIPHERALS LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Downtrend Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 472+.
✅Can Go Long in this Stock by placing a stop loss below 327-.
RPTECH a IPO stock's results out, what next for the stock?Results:
Decent comeback quarter with solid revenue growth which reflects well with EBITDA n PAT growing at better pace
Rev at 3002cr vs 2258cr
PBT at 45cr vs 37cr, Q3 at 33cr
PAT at 47cr vs 23cr, Q3 at 24cr
Includes 10cr one off income
OCF at -102cr vs -114cr
TA:
-Check vol on falls(red arrows) how it is decreasing means supply drying out
-DTL BO (Down Trendline Breakout) anticipation
-VCP in play
Buying area above Pivt Point (PP: least area of resistance) 336.8 (Cheat entry) with anticipation of BO.




