RHFL
CMP 68.50
TARGET 82
STOP 57
1) Price structure has a sort of H&S pattern suggesting reversal of trend.
2) Price has broken past the resistance zone of 65-67 with heavy volumes.
3) Serious buying with heavy volumes observed in few trading sessions during the consolidation zone (51-67) in the past one month.
4) Price pattern also has a RdB structure with the right leg of RdB beginning to take place.
5) Stock performing better than the overall broader index as seen from relative strength indicator which is sloping upwards and which also has given a breakout, indicating big money going flowing into this stock.
6) RSI has given a breakout. Indicates momentum building up.
CMP 68.50
TARGET 82
STOP 57
1) Price structure has a sort of H&S pattern suggesting reversal of trend.
2) Price has broken past the resistance zone of 65-67 with heavy volumes.
3) Serious buying with heavy volumes observed in few trading sessions during the consolidation zone (51-67) in the past one month.
4) Price pattern also has a RdB structure with the right leg of RdB beginning to take place.
5) Stock performing better than the overall broader index as seen from relative strength indicator which is sloping upwards and which also has given a breakout, indicating big money going flowing into this stock.
6) RSI has given a breakout. Indicates momentum building up.
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