Overall Technical outlook

Price Summary

RITES Limited's stock started the year at 225.39, climbed to a high of 228.5, fell to 221.95, and closed -0.7% down at 223.81, with 647846 shares traded on 2026-02-03.
In the 52-week period, the stock's peak price is 309.2, and the lowest price recorded is 198.47.
4 analysts estimate that the future price of RITES will fall between 276.0 and 291.0, with an average price expectation of approximately 282.75.

Technicals

Support and Resistance: The price for RITES at 223.81 finds support at 217.94 and resistance at 228.5. This suggests a trading range, where 217.94 serves as a support level and 228.5 acts as a resistance point, potentially capping further gains.
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Support/Resistance for RITES


Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Aroon chart for RITES Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for RITES. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Bolinger Bands chart for RITES Limited


Parabolic SAR: The PSAR remains in a bearish mode, setting a strong resistance level that could impede any upward trends. This resistance indicates that the market may struggle to break higher, reflecting ongoing bearish sentiment for RITES.
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Parabolic Stop and Reverse chart for RITES Limited


Stochastic: The current reading of the STOCHASTIC indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Stochastic chart for RITES Limited


Tripple Moving Agerage: The 20-50-100 period moving averages suggest a bullish trend, though the weakening slopes of the shorter-term averages raise concerns about a potential reversal. While the overall momentum is still upward, the indications from the faster averages suggest that the trend might be nearing its end, warranting caution.
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Tripple SMA chart for RITES Limited


A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.