Buy at ₹524.60, target ₹555, stop loss ₹505. RITES share price is currently trading at ₹524.60 levels. The stock has bounced back from the strong support of ₹505 levels, which is also close to 20-day EMA levels. Currently stock is trading above all the important moving averages. On daily charts, the stock has formed a strong green candle which indicates bullishness in the stock. Now any dip in the stock around ₹515 levels will be a buying opportunity. A small resistance can be witnessed near ₹530 levels, and once stock crosses the mentioned level RITES can now further move towards ₹555 levels and higher.
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Buy at ₹1063, target ₹1085, stop loss ₹1045. In the short-term trend, Bharti Airtel share price has a bullish reversal pattern, technically retrenchment could be possible till ₹1085. So, holding the support level of ₹1045 this stock can bounce toward the ₹1085 level in the short term. Hence, the trader can go long with a stop loss of ₹1045 for the target price of ₹1085.
Buy at ₹94.50 to ₹95, target ₹101, stop loss ₹92. On a Daily time frame, Rico Auto Industries has given a breakout of a symmetric triangle Pattern on the upside, indicating a positive trend in the stock. With volume increasing it indicates that the buyers are regaining control. The security has closed strongly near the high which indicates positive price action with positive sentiments. The price is trading above the short-term EMA(20) indicating an uptrend in the security. The RSI is trading in the northern direction supporting the price action.
Buy at ₹3500 to ₹3510, target ₹3650, stop loss ₹3425. A rectangle pattern breakout has been witnessed in Amber Enterprises shares. There is a gradual increase in volume indicating buyers are interested in buying the security. The price is trading above the short-term EMA(20) indicating an uptrend in the security. On the indicator front, The breakout in the relative strength Index(RSI) indicates that security is now in bullish mode and trading above the 60 level.