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OK_Rane

Rites, Symmetrical tringle break out

Long
RITES LTD (NSE:RITES)  
OK_Rane  
NSE:RITES   RITES LTD
Trend Analysis Harmonic Patterns Chart Patterns RITES railways Symmetrical Triangle
2
0
trendanalysis harmonicpatterns chartpattern rites railways symmetricaltriangle
Targets
1st : 304
2nd : 320
Duration : 3 to 4 weeks

Reasons:
1. News : Privatization of Railways, 30000 cr. more investment
2. Symmetrical triangle break out
3. Stock is above 200 EMA
4. Fast moving average about to cross over
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