RSYSTEM CMP 140 : Good R:RFor Educational
RSYSTEM CMP 140
-BO done
-support at 132 level
-Volume is above average
Dtd 6th May : TheCharts
RSYSTEMS trade ideas
R Systems International - minimised risk🎯🍁 R Systems International 🍁
✔✔ buy @110-114 range
sl below 108
trgt 127-135 🎯🎯
long 150+
period 1-4 months🌸
need patience guys
reaosons for this entry
🧩chart looks like accumulation
🧩 minimised risk(low risk high benefit)
🧩stock in a good support zone
🧩publishing good results
🧩expecting good movement in IT ZzZoon
🧩delivery volume also increasing
📍day frame -major support level📍
about the company
🔥R Systems International Limited is engaged in providing Information Technology (IT) and IT-enabled Services (ITeS) solutions and services.
RSYSTEMS Trendline breakout#RSYSTEMS
It has given trendline breakout with good volumes , breakout in RSI as well .
Closed above .618 FIBO levels 👍
Ready for move towards 129.95-135.75-152.45-179.4-206+
R SYSTEMS INTLONLY FOR RISK TAKERS..
ENTER WITH STRICT SL ONLY
BUY-118
SL-113
T-125/135
LONG CONSOLIDATION GOING ON ..
EXPECTING A BREAKOUT SOOOOOON..
RSYSTEMSIf it breaks 123 go for long for swing trade. It has given high of 122.9 with heavy volume on 14.12.2020. The candle has given close above 50 SMA with heavy volume .
One Right Trade's Swing Trade Idea #166 : Long on RSYSTEMSThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Bullish signs This particular setup is very interesting. I like how it is setting up.
98 -100 price range is important.
March 2015 price spiked into this price range and reversed, and few weeks ago same thing happened. But now that price range is broken, and in my view it is setting up for next blow off.
Before pulling the trigger I would like to see a daily candle close above or around 100.
Price is also forming a very tight base which gives some extra confirmation about my bias and more importantly stoploss will be small!
R Systems ( Cash market Stock )Go long if it sustains the level of (93-98) for the targets of (133-139) / (162-169)
might cool off after hittinh 97-100. but looking great for long term!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
looking very bulish in long term.in short term, 98 can be seen.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
