Ratnaveer Precision Engineering – Technical Analysis

The stock

is showing a strong bullish trend on the daily chart. The stock has rallied sharply from the ₹160–180 zone and is now trading near its recent high. It closed at ₹360.25 (+2.10%) with a day’s high of ₹365.80. The price structure remains positive supported by bullish moving averages. Support & Resistance: Immediate resistance is placed around ₹365–370. A sustained breakout above ₹370 may open the way towards ₹380–390. On the downside ₹350–345 is the immediate support zone, followed by ₹340–335. Stronger support is near ₹320–325. Short-Term Buyers & Holders View: Fresh buyers may wait for a decisive close above ₹370 with strong volume, rather than chasing the price near resistance. If the stock faces rejection, watch the ₹350–345 support zone. Existing holders can monitor these support levels and maintain a trailing stop-loss approach.