Stoc has given multiyear break out and now restesting its breaout on monthly time frame.
For positional trade : target could be as high as 50 to 60% ( beware it will not go up in straight line, ther will be ups and downs)
For Swing : Target around 200 approx
Two ways to plan trade :
1 stock has given 50 EMA breakout and retested level. You can buy at high of...
Company has given the Monthly and Weekly BO and is ready for the further momentum. Stock can be traded based on swing analysis. Fundamentals are ok not like Deepak Fertilizer
RCF MONTHLY CHART
Ellipse breakout @ 133 MOB 225-235
This stock has broken out of its monthly ellipse @ 133, Target projected as seen by MOB.
Note : Ellipse is calculated by combination of technical studies. MOB levels too are technical studies.
Its only an observation & not any suggestion.
#RCE
• monthly chart analysis
• budget session: this stock is in focus
• breakout 2008 high level
• 15-year breakout in chart
• 2008 volume build-in chart but global crisis hit stock badly
• ascending triangle pattern breakout
• 2022-2023: massive volume in chart
• this volume helps to breakout chart 🐂
• Target and Stop losses mentioned in chart
• we never...
Simple analysis No Confusion! I have marked levels and targets on charts and i hope they are self explanatory, looking at the volume build up in this scrip it should easily close above 151.95(monthly time frame candle).
Looking at the financials of this scrip, RCF had significantly reduced their Debts from past few years, this looks very attractive for investors...
Indian government seeks parliament's approval to spend additional 133.51 billion rupees ($1.60 billion) for fertiliser subsidy for current fiscal year
** Additional fertiliser subsidies to raise the total subsidy for fiscal 2024 by 8% year-on-year to 1.88 trillion rupees
** Rise in subsidy will likely help fertiliser companies' volume growth
RCF ascending broadening channel and all time high breakout done today with strong bullish candle and gud volume bar can play this for swing trade with gud RR.
Seeking a breakout spanning multiple years, I'm fully committed to this opportunity. Anticipate potential movements commencing today, and the probable movement dates are also mentioned in the chart
First installment now and the second immediately after it breaks out of the trendline
SL below 130
Breakout after long consolidation - Stop Loss @108 - Target open to sky
FUNDAMENTALS
Market Cap
₹ 7,572 Cr.
Current Price
₹ 137
52 W High / Low
₹ 146 / 89.5
Stock P/E
17.7
Book Value
₹ 85.3
Dividend Yield
3.87 %
ROCE
21.2 %
ROE
21.2 %
Face Value
₹ 10.0
Promoter holding
75.0 %
EPS last year
₹ 17.5
EPS latest quarter
₹ 0.92
Debt
₹ 2,298...
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
RCF trying to give catch up move above 135 once cross and daily clab 135 can go 140-145 cross 145 review more. CMP 126.30 SL 118 DCB FOR 140-145. For more details go through chart.
RCF has successfully achieved a significant breakout of the crucial Gann box levels, convincingly surpassing the downward trendline on a daily basis with considerable trading volumes. The suggested stop-loss (SL) is set at 110, while the targets have been carefully identified using Gann box analysis.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
