RTN INDIA approaching breakout above 60 eyeing 70

Analysis:
RTNINDIA is trading close to a key resistance zone at ₹60. A decisive breakout above this level could open the way for a move towards ₹70.

On the 4H timeframe, momentum indicators and breakout signals are turning positive, suggesting fresh buying interest and strength building up.

Key Levels:

🔑 Breakout Level: ₹60

🎯 Target: ₹70

🛡️ Stop Loss: ₹56 (to manage risk)

Technical Setup:

Resistance zone tested multiple times, indicating accumulation.

Breakout indicator confirms potential upward momentum.

Volume expected to pick up on confirmation above ₹60.

Conclusion:
A sustained close above ₹60 could attract strong follow-through buying, pushing RTNINDIA towards ₹70 in the short term.



Indicator signaling buy in 4h timeframe Free Link : https://in.tradingview.com/script/2qPFNOsg-Support-Resistance-Breakout-Signals-By-CYBORG/