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Rani Therapeutics Holdings, Inc.Rani Therapeutics Holdings, Inc.Rani Therapeutics Holdings, Inc.

Rani Therapeutics Holdings, Inc.

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Just In: Rani Therapeutics Holdings ($RANI) Surge 168% TodayThe price of Rani Therapeutics Holdings, Inc. ( NASDAQ:RANI ) saw a noteworthy uptick of 168% today after market open. while the asset is still overbought as seen by the RSI at 93, technical metrics shows that should the stock break the ceiling of the 50% Fib level, NASDAQ:RANI will break new highs today. In recent news, which could be possible catalyst to the recent spike, Rani Therapeutics (NASDAQ: NASDAQ:RANI ), on Friday announced a licensing deal to develop and sell an oral version of Chugai Pharmaceutical's (4519.T), opens new tab experimental antibody, with options to expand to five additional drugs, potentially valuing the deal at $1.09 billion. About RANI Rani Therapeutics Holdings, Inc. operates as a clinical stage biotherapeutics company, focusing on technologies to enable the administration of biologics and drugs orally for patients, physicians, and healthcare systems with a alternative to painful injections in the United States. The company develops the RaniPill capsule, a drug-agnostic oral delivery platform to deliver a variety of drug substances, including oligonucleotides, peptides, proteins, and antibodies.
NASDAQ:RANILong
by DEXWireNews
Long Trade Setup Breakdown for (RANI) 30Mins๐Ÿ“Š ๐Ÿ”น Asset: Rani Therapeutics Holdings, Inc. (RANI) ๐Ÿ”น Timeframe: 30-Min Chart ๐Ÿ”น Setup Type: Ascending Trendline Breakout ๐Ÿš€ Trade Plan (Long Position): โœ… Entry Zone: $1.84 (Breakout Confirmation) โœ… Stop-Loss (SL): $1.73 (Below Support) ๐ŸŽฏ Take Profit Targets (Long Trade): ๐Ÿ“Œ TP1: $1.96 (First Resistance) ๐Ÿ“Œ TP2: $2.10 (Extended Bullish Target) ๐Ÿ“Š Risk-Reward Ratio Calculation: ๐Ÿ“ˆ Risk (Stop-Loss Distance): $1.84 - $1.73 = $0.11 ๐Ÿ“ˆ Reward to TP1: $1.96 - $1.84 = $0.12 ๐Ÿ’ฐ Risk-Reward Ratio to TP1: 1:1.1 ๐Ÿ“ˆ Reward to TP2: $2.10 - $1.84 = $0.26 ๐Ÿ’ฐ Risk-Reward Ratio to TP2: 1:2.4 ๐Ÿ” Technical Analysis & Strategy: ๐Ÿ“Œ Breakout Confirmation: Strong buying momentum above $1.84 signals continuation. ๐Ÿ“Œ Pattern Formation: Ascending trendline breakout, indicating a bullish move. ๐Ÿ“Š Key Support & Resistance Levels: ๐ŸŸข $1.73 (Strong Support / SL Level) ๐ŸŸก $1.84 (Breakout Zone / Entry) ๐Ÿ”ด $1.96 (First Profit Target / Resistance) ๐ŸŸข $2.10 (Final Target for Momentum Extension) ๐Ÿš€ Momentum Shift Expected: If price stays above $1.84, it could push towards $1.96 and $2.10. A higher volume breakout would confirm strength in the trend. ๐Ÿ”ฅ Trade Execution & Risk Management: ๐Ÿ“Š Volume Confirmation: Ensure buying volume remains strong after breakout. ๐Ÿ“ˆ Trailing Stop Strategy: If price reaches TP1 ($1.96), move SL to entry ($1.84) to lock in profits. ๐Ÿ’ฐ Partial Profit Booking Strategy: โœ” Take 50% profits at $1.96, let the rest run to $2.10. โœ” Adjust Stop-Loss to Break-even ($1.84) after TP1 is hit. โš ๏ธ Fake Breakout Risk: If price drops below $1.84, be cautious and watch for a retest before re-entering. ๐Ÿš€ Final Thoughts: โœ” Bullish Setup โ€“ If price holds above $1.84, higher targets are expected. โœ” Momentum Shift Possible โ€“ Watch for volume confirmation. โœ” Favorable Risk-Reward Ratio โ€“ 1:1.1 to TP1, 1:2.4 to TP2. ๐Ÿ’ก Stick to the plan, manage risk, and trade smart! ๐Ÿš€๐Ÿ† ๐Ÿ”— #StockTrading #RANI #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
NASDAQ:RANILong
by ProfittoPath