RITES Ltd.

RITES for Swing and Short Positional view

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As we can see H3 chart already has created reversal CHoCH which is a good signal of bullish view. After inducement (X) taken out candles have created M15 Ch and price is trading in the discount zone (<Rs 225/-) of previous impulsive leg (the low & high swing points already mentioned on the chart with yellow dot)
So, we can buy at the demand zone or at any price level below Rs 225/-and can hold up to 1-2 months for 20-25% return.

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