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

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