Positional setup + fundamentals view for Rashi Peripherals

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Positional setup + fundamentals view for Rashi PeripheralsRashi Peripherals LimitedNSE:RPTECHRajputAmarjitBusiness: Distribution of ICT / tech products—has wide branch / warehouse / customer network across India; distributes products from many global brands & offers value-add services like warranty, credit support, etc. Risks / Weaknesses: Low margin business, contingent liabilities (₹737 Cr reported) Summary: The fundamentals are moderate. The company trades at a low P/E relative to growth expectations, has reasonable ROE/ROCE, but margin risks and liabilities must be watched. 📈 Technical / Positional Setup (Short / Medium Term) From the 45-minute chart snapshot: The stock is in a rising phase, with price pushing upward after a consolidation region. The short EMAs (5, 9, 21) are aligned upward—supporting a bullish bias. There is likely resistance ahead (based on past highs) that needs to be cleared for a strong move. Trade Plan ParameterLevel / Zone EntryOn a breakout above recent swing high (say ~₹340-₹345) Stop-LossBelow recent support / EMA zone (e.g. ~₹320-₹330) Target 1~₹370–₹380 Target 2~₹410+ (if momentum sustains) Also look for a retest of breakout zone (if price falls back) as a safer entry opportunity. Volume confirmation is crucial—breakouts without volume are suspect.