RTNINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of RattanIndia Enterprises Ltd (RTNINDIA)

📊 Trend Overview

Current Trend: The stock is in a neutral phase, trading almost exactly at both its 50-DMA (₹56.9) and 200-DMA (₹56.7), indicating indecision and lack of directional momentum.

52-Week Positioning: At 42.6% of its 52-week range (₹37.4 – ₹83.0), the stock is in the lower-mid zone, suggesting a pullback from highs and potential base formation.

📈 Momentum Indicators

RSI (47.3): Slightly bearish. Below 50 implies weak buying interest, though not yet oversold.

MACD (0.27): Mildly positive, suggesting early signs of momentum but lacking strength.

Volume: Current volume (22.5L) is below the 1-week average (33.5L), indicating reduced participation and absence of breakout conviction.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating around its moving averages, forming a tight range between ₹55 and ₹58. A breakout above ₹60 would be needed to confirm bullish continuation.

Support Levels

₹55 – immediate support and psychological base

₹50 – prior demand zone

Resistance Levels

₹60 – short-term resistance zone

₹68–₹72 – previous breakdown zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This suggests low volatility and a potential squeeze setup—watch for volume expansion to confirm direction.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 54–56 Near support and consolidation base

Exit (Short) 60–62 Resistance zone, potential profit booking

Exit (Long) 68–72 If breakout sustains above ₹62

🔍 Market Behavior

Trending: No, currently range-bound.

Consolidating: Yes, price is oscillating between support and resistance.

Reversing: Not yet. MACD is mildly positive; RSI is flat.

🧠 Summary

RTNINDIA is technically consolidating with neutral momentum. Price action near moving averages and subdued volume suggest indecision. Traders may consider accumulating near ₹54–₹56 with tight stop-losses and watch for a breakout above ₹60 for confirmation of trend continuation toward ₹72.

Let me know if you'd like to compare this setup with other digital or infrastructure sector plays.

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