RITES LONG
A triangle breakout is seen in the weekly charts of RITES with great volumes!!
Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260.
LEVELS:
Entry: CMP and if gives a retracement then at 267
Target 1: 300
Target 2: 325
STOP LOSS: 251 (Closing)
TRAIL STOP LOSS!!
RSI BULLISH
VOLUMES SUPER COOL
MACD BILLISH
Risk-Reward Ratio Favorable
I would recommend going long on RITES for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260.
LEVELS:
Entry: CMP and if gives a retracement then at 267
Target 1: 300
Target 2: 325
STOP LOSS: 251 (Closing)
TRAIL STOP LOSS!!
RSI BULLISH
VOLUMES SUPER COOL
MACD BILLISH
Risk-Reward Ratio Favorable
I would recommend going long on RITES for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
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