colshridharkulkarni

BreakOut from Cup&Handle formation and support

Long
NSE:RCF   RASHTRIYA CHEM & F
* Cup & Handle
* Breakout from contra trendline
* Decent volumes
* RSI just crossing 50
* Support taken (handle) at 101.40
* Targets 1. 115
2. 130
3. 140
* Stop Loss 99.50
* Monsoon period. High activity and focus.
* Good R:R
Trade active:
Buy price @103.5 to 104.5 i.e. as close to 20 DMA as possible.
Trade closed: target reached:
Target 1 reached. Continuing the trade.
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.