Rcf has given multi year breakout with extremely large volumes and is on the verge of breaking its high of 135 of 2008. Another positive factor buying was seen in last half hour...
Rashtriya Chemicals & Fertilizers Ltd. is an Indian central public sector undertaking under the ownership of Ministry of Chemicals and Fertilizers, Government of India. It. produces chemical and fertilizers. It is based in Mumbai. RCF is fourth largest government owned-fertilizer-producer in India. Only for Educational Purpose.
NSE:RCF 1.Stock Given Weekly Cup Handel Weekly Breakout 2.also formed Volume contraction pattern on daily timeframe 3. RCF: 110/12- Supply Zone and 14 Year Breakout ZONE Closing Above 120 Good Rally Ahead
#RCF CMP 100 Fundamentally strong stock Good for Swing trading and Long term investment.
Go long with strict SL. Stock is above 200 Ema & does have potential to move 130
Initiated Long for RCF for 6 months to 1-year time frame RCF made a cup and handle pattern, broken trend line and resistance, and retested and formed a green candle on daily TF. Last resistance 112, once it is broken with volume and sustained for a week, can see next level 150 and then it 200+ It is a dividend-paying stock so I'm gonna accumulate it if any dip...
RCF has been consolidating in a tight range from last 1 year and it has finally managed to breakout of it with very heavy volumes. If todays closing is above 92.5, RCF is a good positional trade for minimum targets of 100, 110.
Price (INR): ₹94.00, Change: ₹+1.45, Percent Change: +1.85%
RCF is looking good. Trying to BO after 1 year consolidation. Above 100 we can see rally or reverse from here as per RSI resistance and upper wick on last candle.
*Rashtriya Chemicals & Fertilizers Ltd.* Rouding Bottom Pattern: Monthly Basis (Price/Vol. BreakOut) Cup & Handle Pattern: Weekly Basis (Price/Vol. BreakOut) *Multi-Year Price Trendline BreakOut Possible. Good Upside THEN.* *With Increase in Price, Trail Stop Loss* *Book Profit as per Your Risk Appetite* *Fundamentally Strong Company* PSU (75% stake: GOI)....
Breaking out from a weekly range Darvax box can go up to 110-120 levels can add in dips
A Good Triangle pattern in monthly Tf and a good consolidation at resistance, can give a potential breakout
RCF is in the same pattern as posted for GNFC - Note: I bought RCF at 78.5 with SL 74.95.
p/e 8, intrinsic value 102, no excessive debt wait for box breakout for education purposes only
Entry = 80.80 Stoploss = 79.10 Target 1 = 84.10 Target 2 = 88.80 Would take 5 to 15 Days to reach target
Good volume seen taking support at 200 EMA broken above resistance line and took support Buy 71-72 SL 68 TGT 80 -87 please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.