RTNPOWER popped up on RSI breakout screener results A few highlights Increasing volume when breaking the neckline level 9 There was strong resistance at level 9, failed attempts four times Rounding bottom There is no resistance if it breaks its all-time high of 13.50 RSI above 60 on a monthly, weekly and daily time frame is a vital sign Even if we set stop loss below the previous swing low, we can comfortably achieve a risk-to-reward ratio of over two. Good trade for the short-term. If the trend continues after retesting the neck level 9, we may see 17 levels shortly. The depth of the cup is the target from the neckline.
We can also see a REVERSE HEAD & SHOULDER pattern Breakout here.
omp5557
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2024 1 year I hold show me targets
Kapil-Mittal
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The stock has experienced a yearly breakout with massive volume, thus presenting a significant chance of a bullish trend.
vikasbhekare
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@Kapil-Mittal, I agree. The only thing we need to consider is that it will get corrected at the same speed as it climbed up.
devvv23
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i had bought this at 6.90 ... should I hold this for a month more ?
vikasbhekare
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@devpatel2302, You are sitting at over 70% profit. Either you should book profit for your 50% position and put a trailing stop loss (sell order) for rest OR you can keep moving your stop loss (sell order) as price moves up. It is important to make profit and book it timely.