Trader-AJ

RCF - Cash Investment opportunity!

Long
NSE:RCF   RASHTRIYA CHEM & F
As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle.
What makes it special is-- there is a good inverted Head and Shoulder price pattern ( S-H-S ) in last leg.
Breakout is above 54 - 58 zone targeting 130+++
Comment: 57.40 now... Inverted HnS got breached...now Trend line resistance is the only hurdle. I expect that too breach soon....

Comments