Rattnaindia Ent ltd analyasis on 22 Feb 24
keep stoploss near 20 Ema @ 56
add 25% now
try to buy on deep till breakout support @ 70
90 - 100 -110-120
and breakout target 130
Rattan India has given a fantastic breakout on Weekly Timeframe.
Wait for candle close and then build positions gradually as this is a positional trade.
The volume spike has been the highest ever in this stock so that gives it more confidence.
Wait for some retracement to get a better risk reward
#RTNINDIA
CMP :₹.88.60/-
Date : 04-02-2024
Fundamentally a weak stock. Technically looking very good. Stock is now at a multi resistance zone. If it breaks with significant volumes then an awful move can be expected.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered...
#RTNINDIA experienced robust recovery from recent lows, marked by its peak trading volumes on Nov 21, '23.
Despite a notable 9% decline on Dec 20, the intriguing aspect is the absence of sustained selling.
Currently, the stock is riding smoothly along the 50-day moving average, consistently forming higher lows within its base.
It appears that the stock "RTNINDIA" has recently experienced a breakout, reaching an all-time high. A breakout typically indicates a significant upward movement in the stock's price, suggesting increased investor interest and positive market sentiment. Investors may view this as a bullish signal, potentially signaling further price appreciation. However, it's...
Rattan at 87
Looking good on chart.
Pattern if we observe bullish engulfing and sort of Morning star which we observe rarely.
Volumes are rising that's another good sign.
Watchout for it.
Disclaimer - I am invested in it views are for educational purpose not a recommendation.
Flag and Pole Pattern. All Targets are Mentioned on the screen in a monthly time frame chart
PS - This is Chart analysis and not a Buy or Sell Recommendation.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
#RTNINDIA trading above Resistance of 56
Next Resistance is at 96
Support is at 50
Here is previous chart:
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...
Following the breakout from the flag and pole pattern, my initial target was set at 110. The stock has exhibited commendable performance, witnessing a rise from 48 to 78, reflecting a substantial 60% increase.
Despite this notable gain, my analysis suggests that there is the potential for further upside momentum, with the final target set at 110. The current...
On a Weekly time frame, RattanIndia Enterprises Ltd has given a breakout. The stock is trading at its 52-week high. It has a possible upside of 98, 124 in the long run. Also, good volume is seen (170.636M). The stock can retest 71 levels. One can place a stop loss at 60 (closing) on a weekly basis.
Disclaimer: I am not a SEBI registered analyst. All the stocks...
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...
Rattan India has given a fantastic breakout on Weekly Timeframe. Wait for tomorrow's candle close and the build positions gradually as this is a positional trade. The volume spike has been the highest ever in this stock so that gives it more confidence. Wait for some retracement to get a better risk reward
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
![RTNINDIA: RATTANINDIA ENT LTD[W]-Strong chart](https://s3.tradingview.com/b/b6M7129R_mid.png "RATTANINDIA ENT LTD[W]-Strong chart")
