RITES Swing Breakout – Entry, Stop Loss, Targets

RITES has confirmed a clean breakout above the key EMA cluster (10/20/50/100) with strong volume and positive PSU momentum. The stock reclaimed the 200 EMA and closed near the day’s high, indicating strong buying interest.

🔹 Technical Highlights:
✅ Price above all major EMAs (bullish alignment)
✅ Volume spike vs 30-day average
✅ RSI ~63 (momentum healthy, not overbought)
✅ Relative strength outperforming NIFTY

🔹 Trade Plan:

Entry Zone: ₹288–295

Stop Loss: ₹269 (EOD close basis)

Target 1: ₹320

Target 2: ₹345–350

Invalidation: Sustained close below ₹269

This setup offers a favorable risk-reward for a swing trade, supported by strong technicals and sector tailwind.

#SwingTrading #Breakout #RITES #TechnicalAnalysis #PSUStocks