📢breakout stock📢
🫸 Wait for the Retest 🫷
These are swing ideas which you can add your watchlist and analysis for yourself !
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This content only education purpose!
❗I am not sebi ragister❗
it crosses 525.70
entry @ 525.75
stop loss: 470.95 (10.42% risk involved)
target: 635.10 (20.80% reward with a risk of 10.42%)
buy this stock only one can handle risk of 10.42%
this is my stock idea and i am entering in it with 10.42% risk, if one cannot handle 10.42% risk please do not enter into it.
I am no SEBI registered individual , please do your own...
The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia)
Looking very good as it breaks out of the gann levels and also one of the most undervalued and fundamentally decent stocks of the railway sector
This is an update of my previous idea on RITES LTD. with 3rd wave and 4th complete according to Elliot Wave RITES LTD. looks ready to continue its upmove, one can hold RITES with the above trend line as trailing SL or can make new position with trend line as SL
hello, in this idea I would like to show you rites ltd. In my opinion, Rites will be moving along the drawn Elliot waves and will probably reach 800 in mid-term for about 1.5 years. And in long-term this stock can easily multiply upto 3 times.
A reverse triangle pattern is similar to a traditional triangle pattern, but with one key difference: the nose of the triangle points downwards, indicating a period of selling pressure. This type of formation can be used to identify potential areas of support and resistance, and even predict future price movements.
As the price broke multiple level of resistance,...
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
RITES LTD (1D)
CMP 470.65
Retest of Breakout zone is done
Now Ready for New High
Keep in Radar
Market cap 11,306.20 cr
EPS 21.33
PE 21.99
Industry PE 17.99
FII Continuously Increasing Stake from 2 years from 1.01% to 3.44%
Breakout Possible Stock!
Rites Ltd. #RITES
1- Cup and Handle
2- High Weekly Volumes
3- Rising from Volume Profile
Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
RITES or Rail India Technical and Economic services is a leading player in the transport consultancy and engineering sector. Rites is a MiniRatna (Category-I) and Schedule 'A' Central Public Sector Enterprise under the Ministry of Railways. Negatives of the company is MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving...
NSE: RITES is closing with a trendline breakout and retracement candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12%...
