Rashi Peripherals (RPTECH): Strong Breakout with Rising Momentum 💻

Technical View: RPTECH has delivered a sharp breakout above ₹335–₹340, closing at ₹349 (+4.2%) with strong volume confirmation. The stock is trading well above its 20-day EMA, indicating firm bullish momentum. RSI around 74 suggests overbought territory, but the strength of the move hints at continued upside. Immediate support is now placed near ₹335, while the next resistance levels are ₹365 and ₹380. Sustaining above ₹350 could extend the rally further toward ₹395 in the short term. Price Action Note: The stock has shown a clear reversal from its multi-month base near ₹290–₹300, with higher highs and higher lows formation visible on the daily chart. Rising volumes along with improving RSI confirm active accumulation and strong participation. Fundamental Snapshot: Rashi Peripherals, one of India’s leading IT hardware and electronics distribution companies, continues to benefit from rising digital infrastructure spending, growing PC and peripheral demand, and consistent expansion in its value-added product portfolio. Its recent business diversification and improving margin trajectory provide medium-term growth visibility. Outlook: The near-term bias remains bullish as long as ₹335 holds. A close above ₹355 can trigger a fresh upward leg toward ₹380–₹395. Traders may trail stop-loss near ₹330, while investors can hold for further strength backed by strong fundamentals and improving sector sentiment.