RattanIndia Power Ltd. – Breakout or Pause? A Technical & Share

Timeframe: Weekly | Idea Type: Technical + Smart Money Flow

🧠 Technical Analysis:
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📈 Stock is currently testing a key resistance zone around ₹16.44, after a strong uptrend.
📉 Possible sideways consolidation around ₹14.23–₹16.44 zone as shown on chart.

🧱 Support Levels:
₹14.23 (near-term support)
₹12.74 (base support zone)

🎯 Upside Target: ₹19.30 — if breakout sustains above ₹16.44 with strong volume.
📊 Volume Surge observed during recent rallies, suggesting accumulation.
💪 RSI above 70, signaling strength but also possible overbought conditions short-term.

💼 Shareholding Trend (as of June 2025):
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🏢 Promoter Holding stable at 44.06% (unchanged in 9 quarters).
🌍 FII/FPI holding increased from 0.31% (2023) to 4.95% (2025) — strong positive signal.
🏛️ DII holding steady around 6.63%.
📈 Non-Institutional holding has declined, suggesting smart money entry.

Conclusion:
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“Smart money accumulation (FII/FPI rise), RSI breakout, and volume spike suggest a brewing breakout, but wait for confirmation above ₹16.44.”