RattanIndia enterprises stock moving after consolidation; slowly upside. Upcoming session chance given breakout his 52week high 71/-. Ministry of Civil Aviation beneficiaries of the PLI scheme news also impact on stock...!
Ministry of Civil Aviation (MoCA) made the announcement on the beneficiaries of the PLI scheme on 6 July 2022. Throttle Aerospace Systems...
Flag pattern in weekly time frame which means after ressistance breaks it goes upward directly like previous history.
In daily time frame market shows uncertainty which if it breaks support it shows downward.
Macd also show downward signal.
Wait for ressistance or support break.
Rattan India has seen sudden interest by investors after the recent Govt guidelines on Drones. The company is in to diversified business including bikes & power
Stop loss and all potential targets mentioned on the chart.
****Educational Content - not to be treated as recommendation ***
RattanIndia Enterprises Ltd - 14.03.2022
The stock is trading @ 50.75 levels (UPPER CIRCUIT - 10% band)
The prices are at Resistance Zone
The prices are above EMA
One can initiate a buy position with strict support @ 47.20
RSI is 53 in Weekly Chart
watch out for the price action
Seems a good Stock because its having the same formation under progress in Weekly charts also I have made rectangle Box that is Demand zone for this stock made two points also where you can 1% of your total capital each time when stocks reach there so add basically in 3 parts Penny stocks Become multi-baggers who knows that so better to save...
Guys I've shown how stocks become multibagger. To find, enter and hold in these stocks are far difficult. Some people even after getting these stocks cannot hold for this much of profit. Why? Because they don't know how to calculate the target. There are many things in this market people don't know. But unfortunately very few people know these techniques or...
Rattan India has been in consolidation since july'21.
All EMA's are supporting price action to move up. Good set up for long.
If it breaks 71 level, then we may see Rattan India further going up.
Disclaimer: I am not a sebi registered analyst. This is an educational chart and not any kind of recommendation.
RattanIndia Enterprises Ltd. engages in the power generation and transmission. It also involves in the distribution of power and power advisory. The company was founded on November 9, 2010 and is headquartered in New Delhi, India.