Rategain (W) - Challenges Major Resistance After Parabolic Rally
Following a powerful trend reversal that began in August 2025, RateGain has surged over 70% and is now confronting a major confluence of resistance. The stock is simultaneously testing a long-term angular resistance trendline and a key horizontal resistance level.
This critical test comes after a prolonged downtrend that was in place since February 2024, positioning the stock at a crucial make-or-break point.
Strong Bullish Undertone 👍
The rally is supported by a host of positive technical indicators, suggesting strong underlying momentum leading into this resistance zone:
- Rising Volume: There has been a consistent increase in trading volume, indicating growing and sustained buyer interest.
- Positive Momentum: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state.
- Confirmed Strength: The Relative Strength Index (RSI) is also rising, confirming the bullish momentum.
Outlook: A Breakout Awaits Confirmation
The stock's ability to overcome this dual resistance will be the key determinant of its future trend.
- Bullish Case 📈: A decisive and high-volume breakout above both resistance levels in the coming week could trigger the next leg of the rally, with a potential price target of ₹845.
- Bearish Case 📉: If the resistance holds and momentum fails to carry the stock through, a pullback towards the support level of ₹623 is possible.
This critical test comes after a prolonged downtrend that was in place since February 2024, positioning the stock at a crucial make-or-break point.
Strong Bullish Undertone 👍
The rally is supported by a host of positive technical indicators, suggesting strong underlying momentum leading into this resistance zone:
- Rising Volume: There has been a consistent increase in trading volume, indicating growing and sustained buyer interest.
- Positive Momentum: Short-term Exponential Moving Averages (EMAs) are in a bullish crossover state.
- Confirmed Strength: The Relative Strength Index (RSI) is also rising, confirming the bullish momentum.
Outlook: A Breakout Awaits Confirmation
The stock's ability to overcome this dual resistance will be the key determinant of its future trend.
- Bullish Case 📈: A decisive and high-volume breakout above both resistance levels in the coming week could trigger the next leg of the rally, with a potential price target of ₹845.
- Bearish Case 📉: If the resistance holds and momentum fails to carry the stock through, a pullback towards the support level of ₹623 is possible.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.