Greetings 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
After long time given Break Out
Price travelling above 20-50-200 MA on weekly
High Volume Break out
Gap up has changed the trend of the stock
Buy for long with huge targets
BUY - RATTANINDIA POWER
CMP - Rs. 6.5
Target - 1: Rs. 9.70
Target - 2: Rs. 12.25
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Timeframe - 4 months - 8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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We 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....
📈 Exciting Bullish Pattern Alert!
📊 Pattern: Breakout
📌 Symbol/Asset: RATTANINDIA POWER
🔍 Description:
Stock with Strong breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
@StockWhizzer
2 scenario is seen both drew for you, have a look to it.
cup and handle and rounding bottom, invest wisely in penny stocks.
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and...
This is follow-up on Rattan Power . Can check link to related ideas.
Target 1 achieved. More than 26% Achieved. Target 2 is On
Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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....
Chart is self explanatory
Enter Around 3.2 - 3.6 - 3.9
Above at above range mentioned to have a average price
Stop Loss closing below the support trend line.
Hold with Patience. Bullish divergence on daily chart.
Do Not Deploy more than 30% of your capital in this script.
Share has formed Bullish Harami Pattern, followed by Marubozu (shown in blue box). While forming Marubozu, Share has made gap up opening and has increased in a very good volume. EMA 12 days has also crossed EMA 26 days (shown by blue and yellow lines). All these things indicate that Share is Bullish now.
