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bullish till PRZ
Target: 261 / 278 / 298
RITES LTD: STOCK STUDY
It is time to start of fall for RITES as it is following trending channels exactly.
Resistance level= 260
Support = 240-245
Possibility = Down Trend
1st : 304
2nd : 320
Duration : 3 to 4 weeks
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
RITES LTD CMP.265 RESISTANCE AT 269.50 IF IT CROSS AND SUSTAIN WE CAN SEE GOOD MOVE. IF IT GOES BELOW 209.30 VIEW NEGATED.
For Education Purpose.!
should move down