Breakout in Daily Time frame
Scrip Name - RCF
Chart Pattern - Trend line Breakout
Trend - Upward
Volume - High Volume during Breakout
RSI - Above 60
Analysis - RCF has given breakout in daily timeframe in upward direction. Breakout happened with high volume on 5th July 2023. RSI also above 60. RCF was consolidating in daily time frame touching 200 EMA which makes it more stronger breakout. So if we consider factors - Volume, RSI, 200 MA we can give 3 Star to this stock.
Scrip Name - RCF
Chart Pattern - Trend line Breakout
Trend - Upward
Volume - High Volume during Breakout
RSI - Above 60
Analysis - RCF has given breakout in daily timeframe in upward direction. Breakout happened with high volume on 5th July 2023. RSI also above 60. RCF was consolidating in daily time frame touching 200 EMA which makes it more stronger breakout. So if we consider factors - Volume, RSI, 200 MA we can give 3 Star to this stock.