RTNPOWER Nearing Breakout Zone Again After Retest#OnRadar
#RTNPOWER (RattanIndia Power Ltd.)
CMP: 15.83
Support Zone: 10.00 – 7.90
📊 Technical Outlook:
Earlier gave a strong breakout from a Cup & Handle pattern on the long-term chart, rallying up to 21.13. However, it failed to close above the 2012 high of 20.70 on a monthly basis, triggering a healthy pullback to retest the breakout zone.
The stock is now showing renewed momentum. A monthly close above 20.70 may open the door to all-time highs near 45 .
Extended View:
If the stock sustains above its all-time highs, long-term targets of 75 / 100+ could be achievable, subject to broader market conditions and continued trend strength.
📎 This is a technical observation, not a buy/sell recommendation. Please consult a SEBI-registered investment advisor before making any investment decisions.
📝 This stock was discussed in personal circles around ₹3.55 in 2022 for educational purposes.
#RTNPOWER | #TechnicalAnalysis | #CupAndHandle | #StockCharts | #LongTermView
RTNPOWER trade ideas
RattanIndia Power – Don’t Let the Hype Blindside YouRattanIndia Power, a penny stock, has been making the rounds lately with a sharp rally from ₹8.51 to ₹16.24. The buzz is strong, and retail interest is rising—but even with penny stocks, it’s worth taking a proper technical look before jumping in.
The current structure resembles a flat correction, forming after what appears to be a completed Wave 3. Price recently tagged a potential double top near ₹16.13/16.24, and bearish divergence is visible on the RSI—a classic warning sign. If this setup plays out, the stock could now be heading into a Wave C decline, unfolding in five legs, with key downside targets at ₹12.66 and ₹10.45.
That ₹10.45 level is critical—it marks the 1.618 extension of Wave A. A decisive break below it may signal broader weakness beyond just a flat correction.
Still, there is an alternate possibility. If price breaks above ₹16.24 with strong momentum and volume, the recent blue-marked ABC move might instead be the early legs of a new impulse wave. In that case, ₹12.55 could be reinterpreted as Wave 4, and the uptrend might continue. But without that breakout, the bearish setup holds more weight.
Disclaimer: This analysis is for educational purposes only and is not investment advice. Please do your own research or consult a financial advisor before making trading decisions.
RATTANINDIA POWER LTDTechnical View:
Price: ₹14.39 (+3.60%)
Volume: Very strong volume (~645M), indicating institutional interest or strong buying pressure.
EMA: Price is trading well above the EMA – confirms short-term bullish strength.
RSI: Currently at 66.67 – strong positive momentum.
Chart Pattern View:
Price is moving within a well-defined ascending channel.
Recently rebounded from the lower boundary – and now heading toward the upper resistance line.
Candlestick View:
Strong bullish candlestick seen in the current breakout candle.
No upper wick implies buyers were in full control throughout the session.
Buy Opportunity:
Entry Zone: 15.00 above
Target 1: 17.50 (previous swing high).
Target 2: 20.00 ++ (upper channel resistance if momentum continues).
Stop Loss: 12.90 (below breakout level and channel lower band).
Trendline resistance in Rattan India PowerTrendline resistance waiting to be broken in Rattan India Power. It had gained momentum 2 weeks back but it died down. May be was a rally which could not hold. Expecting a consolidation before we see any big rally now. But things can change as its difficult to predict market. Let the technical speak.
RTNPOWER – A Classic Price Action Study Around Major Trendlines🟦 Dotted Blue Line
Represents the main counter trendline, stretched over a significant duration. Price has currently pushed above it, but the weekly candle is still open.
⬜ White Line (Hidden CT)
A hidden resistance line, drawn from key lower highs. Price is currently reacting near this line — acting as a logical area where sellers might test control ( for my setups )
🟨 Yellow Zones
These levels highlight higher lows, a sign of evolving structure. These bases often add context to the strength behind a breakout move.
🔴 Red Line (MTF Resistance)
Plotted from historical monthly rejection zones — a crucial area for confluence and reaction.
🛠️ Only sharing my Charting — no recommendations, no forecasting .
RattanIndia Power Ltd. @ 15.25Sector: Power Generation/Distribution
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
52 Week High 21.10
52 Week Low 4.65
All Time High 45.05
All Time Low 0.95
Book Value Per Share 7.13
Dividend Yield: --
Sector PE 24.02
Face Value 10
Beta 0.74
Mkt Cap (Rs. Cr.) 8,189
Supports: 7/2
Immediate Resistance: 21
Upside can be: 23-26, 32-34, 40-42, 48, 55, 64
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
RattanIndia Power Ltd. @ 16.87Sector: Power Generation/Distribution
52 Week High 21.10
52 Week Low 4.30
All Time High 45.05
All Time Low 0.95
Book Value Per Share -4.96
Sector PE 24.33
Face Value 10
Beta 0.71
Mkt Cap (Rs. Cr.) 9,059
As long as 7.7/2.80 holds support, we can see 23-26, 32-34, 40-42, 48, 55, 64
Immediate Support 13.
NOTE: Not a BUY or SELL SIGNAL.
All updates are only for the educational and knowledge purpose.
Rattanindia risky but good upside expectedRattanindia power is very risky study. but if it breaks 16.80 mark. it may lead to good upside move till 21 straight. After that according to my fibo extension method. it has good target. but again tell you very riskly. It will become weak below 15 closing. Be alert on that levels.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Rattanpower-A high risk breakoutRattanpower has given monthly breakout from a strong resistance zone of 16-18.
Stock is very risky and operators favourite.
However, volumes are at all time high and there are few rumours around it that Adani power is going to acquire the company which might be fueling this rally.
If you are a high risk momentum trader , you should be interested in this breakout.
Not a good stock fundamentally. Company has an exceptional gain of 10700 crore from sale of fixed assets in Q4 2024 which is bigger than its market cap. Something big is cooking definitely.
Keep in watchlist for learning purposes
RTNPOWERRattan power India is giving breakout of Rounding bottom pattern. This stock can show marked level on chart in coming days. Power sector is in momentum from very long term and this stock is very undervalue. As we have analyzing this stock in monthly chart. this will be long term investment. #RTNPOWER #RATTANINDIA #STOCKTOWATCH
#RTNPOWER TRADE SETUPGreetings Folks,
today i have prepared a setup of RTNPOWER on NSE
the analysis is as follows-
- The price is speculating in a minor range right now
- very straight forward setup, wait for breakout either side as i am not in a particular bias right now
don't play with fire, always use a predefined stoploss
Two side income from stock marketWe all are here in Stock market to earn. And many of us think that there is a limit to earn. It is true but. We required to think about new ideas and new strategies . We should be calculative while we investing in stock market.
Why I am telling this?
New idea means!! Many peoples investing in stock market only on tips or on advise of there peoples. these people can be their colleagues / friends / relatives / influencer. Whenever you are going to invest your money in any stock, think about how to earn maximum profit with your capital. Get new idea to increase your returns. (I'm advising a new idea later in this post)
Calculative What is calculative term? I mean to say. You should have levels of the stock. ie. Before enter in stock you should have your Targets in Stop-Loss in mind. And you should also stick on that levels.
Topic Two side income from stock market
Two side income means. Invest in stocks which have high dividend yield. Reason - When there is volatility in the market, high dividend stocks can protect your portfolio. Due to high dividend yield, they can balance the risk if fall in stock.
Divided stocks have potential for value appreciation. in this way you can bring double benefits in the long run.
Now you can understand it with this example.
You buy 1,000 Qty
and Invest Rs.2,50,000/- (250/- per share)
If you get 20% return in one year. Return on Investment : Rs.50,000/-
Additionally:
Dividend Rs.9/- per share (Dividend Return: Rs.2,250/-)
Your Total Profit in one year 50,000/- + 2,250/- = 52,250/-
Here I'm mentioning some high dividend yield stocks (majorly PSU, I'm referring) :-
Coal India 10.5%
SAIL 9.6%
ONGC 6.5%
NMDC 5.4%
PFC 5.1%