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RITES

RITES: INVERSE H&S BREAKOUTThe Inverse Head and Shoulders pattern is a bullish reversal chart pattern that signals a potential trend reversal from bearish to bullish. It consists of three key components: Structure of the Pattern: Left Shoulder: A price decline followed by a temporary rally. Head: A deeper decline forming the lowest point, followed by another rally. Right Shoulder: A decline similar in size to the left shoulder but not as deep as the head, followed by a move higher. Neckline: A resistance level that connects the highs of the two rallies after the left shoulder and head. The Inverse Head and Shoulders pattern in RITES, with a neckline at ₹225, indicates a potential bullish reversal. The stock has formed a well-defined left shoulder, head, and right shoulder, suggesting that selling pressure is weakening. The target price for this breakout is ₹263 calculated by measuring the distance from the head’s low to the neckline and projecting it upwards. If the stock sustains above the neckline, it could gain further momentum. However, traders should consider placing a stop-loss at 212 to manage risk in case of a failed breakout.
NSE:RITESLong
by TradingSutra
SWING IDEA - RITESRITES , a leading engineering consultancy company specializing in transport infrastructure, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 770-800 Resistance Zone : The 770-800 level has been tested multiple times and the price is now attempting to break through this resistance, indicating strong bullish momentum. Ascending Triangle Breakout : The price is breaking out of an ascending triangle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. 50 EMA Support : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 930 // 1030 Stoploss - daily close below 680 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RITESLong
by Visionary_Growth_Insights
Rites Making the right moves.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 annual net profit, improving quarterly net profit, FIIs are increasing stake. Dividend Yield of the company at is 5.23% at CMP. X/2 Entry in the stock can be taken after closing above 360. Second and Final Sip of X/2 can be taken in the company after closing above 378. Targets for will be 390 and 408. Long term target in the stock will be 436. Stop Loss in the stock can be kept at a closing below 300 Weekly closing.
NSE:RITESLong
by Happy_Candles_Investment
RITES - Trendline BreakoutNSE: 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% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:RITESLong
by BrahmaBull31