Prosenjit

RCF Simple Analysis - Bullsih

Long
Prosenjit Updated   
NSE:RCF   RASHTRIYA CHEM & F
On request of @Loserboy69, RCF is in an Up-Trend.

Elliot's 3rd Wave is progressing in the Weekly Chart which should take the price up to 174.05. From the Current market price to this Target, there will be a 48% Return on Investment.

Price never moves up straight, so, it will create a lot of Corrective moves while going up to this target.

Holding and buying on dips will be a good idea.
Trade closed: target reached:
At last, the target has been achieved.

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