RCF - Head and Shoulder with Rising Volume and RSI Long

RASHTRIYA CHEM & FNSE

Description

⋅ Feb 25, 2021 3:30 PM

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

⋅ Mar 2, 2021 4:20 PM

Both Targets of 83 and 98 Achieved in 4 sessions.