In upcoming days we can see upmove in rites Volume increasing
RITES taking constant support from 235-240 levels. Entry open above 250 closing which can take it to 265, 280. Keep closing basis SL below 235
RITES Ltd, is an engineering consultancy company in Transport Infrastructure. (A PSU). It is on a very strong Support of 240 . A very sure target of 265. and has very good potential to even go to 300. NO RIsk stock and it is the perfect time to buy this. BUY RITES.
Rites symmetrical triangle breakout & now trades above horizontal resistance
Rites CMP - 272.05 Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets Buy at or Above 272 / Stop Loss - 267 Target 1 - 275 Target 2 - 278 Target 3 - 281 / 284 Swing Targets - 315 / Stop Loss 244 Disclaimer: This is my view and for educational purpose only.
- Symmetrical triangle Breakout - High Volume - Support on 200 EMA First Target 290-293 Second Target 320
After the consolidation this stick is ready for an upmove. Buy above 256 and TG 300. SL 235.
#RITES RITES Ltd. CMP: 248.55 Target: 261 / 278 / 298 SL: 240
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
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
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.