RIR

87
Long Term
Technical Analysis & Setup

Symbol: RIR (RIR Power Electronics Limited) — Daily Timeframe (NSE)

Current Price: ₹191.95 (Trading right around the entry level)

Market Structure: Following a healthy consolidation base above the ₹154 low, the stock printed a sharp bullish momentum bar, cleanly breaching the prior swing peak.

Key Technical Levels

Entry Level: ~₹192.00 (Breakout confirmation zone)

Stop Loss (SL): Below ₹180.00 (Marked near the breakout structure / prior resistance level)

Immediate Resistance / Target 1: ₹203.83 (Recent high spike)

Upper Target: ₹300+ (Extension target marked on chart)

Trade Bias & Summary
The stock demonstrates strong expansion out of a consolidation pattern. As long as price holds above the ₹180 breakout level on daily closes, the technical structure favors a continuation move toward the upper target levels.

Disclaimer: This post is for educational and technical analysis purposes only and does not constitute financial or investment advice. Always manage your risk properly before taking trading positions.

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