Rattanpower-A high risk breakout
Rattanpower has given monthly breakout from a strong resistance zone of 16-18.
Stock is very risky and operators favourite.
However, volumes are at all time high and there are few rumours around it that Adani power is going to acquire the company which might be fueling this rally.
If you are a high risk momentum trader , you should be interested in this breakout.
Not a good stock fundamentally. Company has an exceptional gain of 10700 crore from sale of fixed assets in Q4 2024 which is bigger than its market cap. Something big is cooking definitely.
Keep in watchlist for learning purposes
Stock is very risky and operators favourite.
However, volumes are at all time high and there are few rumours around it that Adani power is going to acquire the company which might be fueling this rally.
If you are a high risk momentum trader , you should be interested in this breakout.
Not a good stock fundamentally. Company has an exceptional gain of 10700 crore from sale of fixed assets in Q4 2024 which is bigger than its market cap. Something big is cooking definitely.
Keep in watchlist for learning purposes
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