RITES NEWS why is Rites Limited price falling or rising

RITES NEWS reasons for why stock price of Rites Limited is falling or rising

RITES Rites is falling or rising technical reasons

Technical analysis forecast for Rites Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rites RITES at this time. Stock is falling and might fall more.

It appears as if Rites RITES gave a large move recently.

Stock of Rites (RITES) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Rites is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 278.2, for a target of 286.6 or 293.59

RITES Rites is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-12-16

OYO opening new hotel in Rajasthan every 2-3 days; to set up back office for overseas biz: CEO Ritesh Agarwal OYO is rapidly expanding in Rajasthan, adding a new hotel every few days and establishing a back office to support its international operations. The company's CEO, Ritesh Agarwal, anticipates a record-breaking winter tourism season, citing post-pandemic t - NEWS as on 2024-12-11 indiatimes.com

Company Announcement RITES Limited has informed the Exchange about Transcript - NEWS as on 2024-11-14

RITES announced a dividend of Rupees 1.75 per share, which makes a dividend yield of 0.64 based on current price. Effective date of this dividend is 14 Thu Nov 2024 - NEWS as on 2024-11-14 MunafaSutra.com

RITES announced a dividend of Rupees 1.75 per share, which makes a dividend yield of 0.65 based on current price. Effective date of this dividend is 14 Thu Nov 2024 - NEWS as on 2024-11-13 MunafaSutra.com

Company Announcement RITES Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-11-08

Company Announcement RITES Limited has informed the Exchange regarding a press release dated November 06, 2024, titled "Press Release titled RITES Q2FY25 Revenue ₹562 Crore; PAT ₹83 Crore; Declares 2nd Interim Dividend of ₹1.75/share - NEWS as on 2024-11-07

Company Announcement RITES Limited has informed the Exchange about Update on Major Order Secured. - NEWS as on 2024-10-28

More announcements and NEWS

RITES Rites Limited current price & indicator signals

Moving Averages for Rites Limited

  • 5Day Average: 293.8
  • 12Day Average: 297.26
  • 20Day Average: 293.11
  • 50Day Average: 291.59
  • 100Day Average: 434.21
  • 150Day Average: 525.28
  • 200Day Average: 562.61

RITES Indicators & signals

Indicator MACD (12,26,9)

293.63, 295.55, -2.48
Indicator MACD is in negative zone

Indicator ADX (14)

1.8, 25.3, 26.23
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RITES Rites Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Fri Dec 2024 281.00 278.10 to 294.45 -4.11% 0.55 times
19 Thu Dec 2024 293.05 288.05 to 294.00 -1.45% 0.46 times
18 Wed Dec 2024 297.35 294.30 to 306.10 0% 0.76 times
18 Wed Dec 2024 297.35 294.30 to 306.10 -0.97% 0.76 times
17 Tue Dec 2024 300.25 297.10 to 301.95 -0.63% 0.45 times
16 Mon Dec 2024 302.15 300.20 to 308.75 1.92% 1.49 times
13 Fri Dec 2024 296.45 290.55 to 298.25 -0.77% 0.42 times
12 Thu Dec 2024 298.75 298.05 to 306.40 -1.58% 0.52 times
11 Wed Dec 2024 303.55 295.70 to 307.00 2% 1.39 times
10 Tue Dec 2024 297.60 296.80 to 303.60 -1.91% 0.59 times
09 Mon Dec 2024 303.40 299.70 to 309.85 2.43% 3.16 times
06 Fri Dec 2024 296.20 293.20 to 300.00 3.06% 2.86 times

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