Upside Potential In Rashtriya Chemicals
Rashtriya Chemicals has breached 52-week high. It has broken past long-term (~1 year) resistances levels between 87 and 89.
The stock is also doing well fundamentally, as indicated by the rally of other fetilizer stocks. I expect the stock to hit about ~110 in the next 2 weeks. I would book profit at about 105
Disclosure: This is not a recommendation. I am an early trader and have limited exposure to this stock.
The stock is also doing well fundamentally, as indicated by the rally of other fetilizer stocks. I expect the stock to hit about ~110 in the next 2 weeks. I would book profit at about 105
Disclosure: This is not a recommendation. I am an early trader and have limited exposure to this stock.
Note
Target: 102SL: 85
Note
Target achieved!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.