Breakout at All Time High and Retest done.
Good for short term
Target 810,1050.
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Rustomjee Developers, the company is also known under the name of Keystone Realtors has a presence in and around the Mumbai area. While the company fundamentals need to be studied more in detail. Technical front it looks like a breakout and may give the result of 1:2 to 1:3
RUSTOMJEE closed abv 52 weeks high and all time high today with gud volume bar as per its volume history can play this for swing trade with your prefered RR.
RUSTOMJEE 1d time frame
buy@ 576.50 target@ 614.80, 619.80, 627.75
decending channel breakout
risk reward 1.3
its just a view trade @ your own risk
sl@ 537.80
Trendline breakout done.
Retest also completed.
Now its time for momentum and rally.
RR = 1:4 that is approx. 40% on ROC
SL should be kept below the 50 band low as per our POM System.
