📊 RITES Ltd – Bullish Reversal from Support Zone
The stock is showing strength after taking support near a key demand zone, with fresh buying interest and a breakout attempt above short-term resistance.
🔎 Technical View:
• Strong bounce from support area
• Higher volume indicates accumulation
• Price reclaiming short-term resistance
• Momentum improving from oversold levels
🔑 Key Levels:
• Support: ₹200 – ₹192
• Strong Support: ₹185 – ₹177
• Resistance: ₹223 – ₹239
🚀 Targets:
• ₹239
• ₹253
• ₹271+
📉 Risk:
A close below ₹200 may weaken the bullish setup.
📈 Trading View:
👉 Sustaining above ₹215 can trigger fresh upside momentum.
👉 Structure remains positive while support levels hold.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊