RCF seems fundamentally strong - again its in chemical sector.
Also presently showing a good consolidation. High potential to give a strong breakout and continue in that direction.
Keeping an SL below 67 Rs, I have started to build my portfolio in this stock. I have already bought about 40% of my fund allocated for this stock. Currently my buy avg is 82. Will add more if and when its coming down.
I will exit at a tgt about 40% up, but I am seeing it to reach a potential of 165-85 Rs.
Let's see.:).
Usual Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser. This is for a mid to long term investment only, its not a positional or an intraday trade
Trade active
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Avg Buy presently 82. (Will add more when coming down)
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Late update- Added more @ 71. Presently Avg buy 75.6 Rs SL and TGT still same view
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I am still holding RCF. Present bearishness is news based coz of war (is what I believe, I may be wrong)
Hello dear sir plz suggest me I have buying RCF 92 price and what hapen are down plz suggest can I hold and how many time
theTradingSailor
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@alpeshrathod023, hii.. Sorry brother, I cannot give any advice. Only can share my views.
Personally I m still holding it with avg price about 75 rs,, and it has bounced up exactly from the lower marked resistance (bottom grey box). My stops are below 67 nd My tgt price is 150/165/185.. depends on the pattern formed then, anyways my normal exit tgt is 40-50% or keeping trailing SL post that.
Basically the dotted line is being followed, have patience.
So, It's upto you to continue holding or exit.
manilkumar73
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5th wave is due and could go to a minimum n around 108-119... of-course just my view
alpeshrathod023
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@manilkumar73, what is target sir plz suggest I'm buying 92 price what is time period hold this stock plz suggest me
manilkumar73
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@alpeshrathod023, potentially it has to go between 100 to 120 and complete the impulse,,, cant say about the timeline, may be month time