RITES

RITES showing good strength in recent session. And currently trading near strong hurdle. It has a strong resistance near 310-15 levels and rejected many times earlier. So if now closing above 315 may start new momentum rally in the counter which may continue for next 20-22% upwards. On lower side 270 seems very good support But closing above 315 is very crucial. I would avoid before that but surely keep a closer watch on it.