Broke Downtrend Resistance Zone Now Looking Very Strong ✅The stock has broken out of a symmetrical triangle pattern a formation that typically signals a continuation or reversal of a trend. The breakout above the upper trendline indicates that buyers have regained control and the stock is poised for further upside. This move marks the end of the consolidation phase and suggests a potential rally.
✅The stock has been making higher low indicating accumulating buying interest at each dip. This consistent buying pressure has led to the breakout signaling a shift towards a bullish trend. The breakout was accompanied by a significant spike in volume confirming the strength behind the move. This suggests that the rally is backed by strong buying interest likely from institutional participants which adds credibility to the breakout.
✅ The RSI is currently at 67 reflecting a solid upward momentum. Although it’s approaching the overbought zone, it still has room to climb, especially if the bullish momentum continues. Traders should watch for any consolidation at current levels, which could act as a springboard for further upside.
✅The next resistance level is around 570-580 where some profit booking might occur. However if the stock continues to gain momentum and clears this level we could see it move toward 600, followed by 620. These levels align with the height of the symmetrical triangle pattern offering a clear target range.
RSYSTEMS trade ideas
RSYSTEMSRSYSTEMS - Stock is breakout and that too with good volume
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RSystems - Cup &Handle in formation. Best Above 530/540. SL-485RSystems is forming potential Cup and Handle Pattern. Sector tailwind.
One can buy above 530/540 for upward targets and gradually increase your position by averaging up.
Stop loss - 485
Disclaimer : Educational Content. Please do your own research.
Amazing swing trading idea for 14 June Markets I daily make educational content videos for swing / positional trading
Buy rsystems for a target of 490Buy rsystems for a target of 490, stop loss of daily close below 400
Time frame 1-2 weeks
RSYSTEMS A good high rewarding set up1. Trend Bullish
2. Price trading at support level after a false breakout
3. High chances price close in green for this week and entry can be high rewarding
R Systems International Limited - Long Setup, Move is ON...#RSYSTEMS trading above Resistance of 550
Next Resistance is at 888
Support is at 354
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
R Systems International Limited - Long Setup, Move is ON...#RSYSTEMS trading above Resistance of 354
Next Resistance is at 550
Support is at 233
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
R SYSTEMS INTERNATIONAL TARGET 525R SYSTEMS international strong resistance breakout of weekly and day of 442 with bullish engulfing. If sustain above the pivot level with 470 it will reach the target of 525. Stop loss 440
Rsystem- breakout on DTF & WTFRsystem- breakout on DTF & WTF
Today gave Breakout of pennant pattern on DTF & WTF with good volume on hourly time frame.
Buy above 422
Sl 397
Tgt 439-447 (short term)
472-523-575 (medium to long term)
RSYSTEMSBuy: Next open price
Sell: Will update, will review every weekend.
S/L: No need, will review every weekend.
RSYSTEMS INTERNATIONAL - DAY CHART - 15.02.23 - BAHAVAN CAPITALR SYSTEMS INTERNATIONAL as per day chart analysis
Stock ABOVE 257 TARGET 260
Happy profitable Trading to All..
Add RSYSTEMS to watchlistAdd RSYSTEMS to watchlist
Entry: Above 263
Targets: 305 & 355
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
R Systems - Ready to Fly?May show an up move anytime now (multiple inside bars formed in weekly time frame. Breaking anyone would have a cascading effect).
Safe Entry above 249.85 for targets 284/354/++++ (clear blue sky) -
Drawing and deciphering some charts give a strange satisfaction...This is one of those charts..!
#PriceAction analysis is Amazing..!
Add to watchlist This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
ready to shootafter weeks of consolidation the up move is more than 50% the recent weeks is seen downtrend but might be due to profit booking, as the seling volume is low and most of the supply have been absorbed.
Breakout CandidateBreakout with huge volume
Marubozu pattern formed.
All time high
Only for educational purpose
