Raitel Corp of India Ltd – Daily Technical View

📊 Raitel Corp of India Ltd – Daily Technical View The stock has shown early trend reversal signals after a prolonged downtrend. Recent price action suggests accumulation at lower levels, with improving momentum. 🔍 Technical Observations: Price has bounced from the lower Bollinger Band, indicating demand emergence Trading near the 20 EMA, a sustained hold above this can strengthen the upside Volume expansion on the recent up-move supports short-term accumulation RSI is holding above the 50 zone, showing positive momentum bias 🔑 Key Levels: Support: ₹330 – ₹320 Resistance: ₹370 – ₹390 Positional Upside (on breakout): ₹450 – ₹500 zone 📈 Outlook: As long as the stock holds above ₹330, the structure remains constructive. A decisive close above ₹390 with volume may trigger fresh upside momentum. Failure to hold support could lead to sideways consolidation. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS