Analysis:
RTNINDIA is trading close to a key resistance zone at ₹60. A decisive breakout above this level could open the way for a move towards ₹70.
On the 4H timeframe, momentum indicators and breakout signals are turning positive, suggesting fresh buying interest and strength building up.
Key Levels:
🔑 Breakout Level: ₹60
🎯 Target: ₹70
🛡️ Stop Loss: ₹56 (to manage risk)
Technical Setup:
Resistance zone tested multiple times, indicating accumulation.
Breakout indicator confirms potential upward momentum.
Volume expected to pick up on confirmation above ₹60.
Conclusion:
A sustained close above ₹60 could attract strong follow-through buying, pushing RTNINDIA towards ₹70 in the short term.
Indicator signaling buy in 4h timeframe Free Link : https://in.tradingview.com/script/2qPFNOsg-Support-Resistance-Breakout-Signals-By-CYBORG/
RTNINDIA is trading close to a key resistance zone at ₹60. A decisive breakout above this level could open the way for a move towards ₹70.
On the 4H timeframe, momentum indicators and breakout signals are turning positive, suggesting fresh buying interest and strength building up.
Key Levels:
🔑 Breakout Level: ₹60
🎯 Target: ₹70
🛡️ Stop Loss: ₹56 (to manage risk)
Technical Setup:
Resistance zone tested multiple times, indicating accumulation.
Breakout indicator confirms potential upward momentum.
Volume expected to pick up on confirmation above ₹60.
Conclusion:
A sustained close above ₹60 could attract strong follow-through buying, pushing RTNINDIA towards ₹70 in the short term.
Indicator signaling buy in 4h timeframe Free Link : https://in.tradingview.com/script/2qPFNOsg-Support-Resistance-Breakout-Signals-By-CYBORG/
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.
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.