RITES has confirmed a clean breakout above the key EMA cluster (10/20/50/100) with strong volume and positive PSU momentum. The stock reclaimed the 200 EMA and closed near the day’s high, indicating strong buying interest.
🔹 Technical Highlights:
✅ Price above all major EMAs (bullish alignment)
✅ Volume spike vs 30-day average
✅ RSI ~63 (momentum healthy, not overbought)
✅ Relative strength outperforming NIFTY
🔹 Trade Plan:
Entry Zone: ₹288–295
Stop Loss: ₹269 (EOD close basis)
Target 1: ₹320
Target 2: ₹345–350
Invalidation: Sustained close below ₹269
This setup offers a favorable risk-reward for a swing trade, supported by strong technicals and sector tailwind.
#SwingTrading #Breakout #RITES #TechnicalAnalysis #PSUStocks
🔹 Technical Highlights:
✅ Price above all major EMAs (bullish alignment)
✅ Volume spike vs 30-day average
✅ RSI ~63 (momentum healthy, not overbought)
✅ Relative strength outperforming NIFTY
🔹 Trade Plan:
Entry Zone: ₹288–295
Stop Loss: ₹269 (EOD close basis)
Target 1: ₹320
Target 2: ₹345–350
Invalidation: Sustained close below ₹269
This setup offers a favorable risk-reward for a swing trade, supported by strong technicals and sector tailwind.
#SwingTrading #Breakout #RITES #TechnicalAnalysis #PSUStocks
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.