Rites-Nice BreakoutRites-Nice Breakout
Capital to be deployed- 20k
Investing Price -453-454
Breakout Price -453
Stoploss - 396
Targets -649
#rites #StocksToBuy #StocksInFocus #stockstowatch #SwingTrading #Breakoutstock #stocks
RITES trade ideas
Rites Making the right moves.RITES or Rail India Technical and Economic services is a leading player in the transport consultancy and engineering sector. Rites is a MiniRatna (Category-I) and Schedule 'A' Central Public Sector Enterprise under the Ministry of Railways. Negatives of the company is MFs are decreasing stake. Positives of the company are no debt, zero promoter pledge, improving annual net profit, improving quarterly net profit, FIIs are increasing stake. Dividend Yield of the company at is 5.23% at CMP. X/2 Entry in the stock can be taken after closing above 360. Second and Final Sip of X/2 can be taken in the company after closing above 378. Targets for will be 390 and 408. Long term target in the stock will be 436. Stop Loss in the stock can be kept at a closing below 300 Weekly closing.
RITES - Trendline BreakoutNSE: RITES is closing with a trendline breakout and retracement candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the trendline support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Rites - Range Breakout 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.
RITES on a all time Very Strong Support.BUY! Easy Target 265 Rs.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.
