manuvsingh

RCF - Head and Shoulder with Rising Volume and RSI

Long
NSE:RCF   RASHTRIYA CHEM & F
RCF : Head & Shoulder on weekly chart. Weekly Closing above 200 SMA .
Right Shoulder Bottom taking support on 50 SMA and bouncing back.
Rising RSI and Huge Volume bar.

Looks good for 25% upside.

CMP : 67
Target : 83
SL : 58
Almost 1:2 risk reward setup

Chart Only for Education Purpose
Trade closed: target reached: Both Targets of 83 and 98 Achieved in 4 sessions.

Comments

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