Rashtriya Chem & Fert : +57% Upside Potential

RCF 23 Nov 2022
Stock BO with strong volume today from a consolidation of 2 months, we can witness a follow-through.

In Play : HH-HL

Summary
- Stock bounced from the VAH zone
- 2 months of accumulation
- Inv Head and Shoulder pattern(Confirmed BO)
- ATH is at 150.45

Conclusion
- CMP 118.40
- 3% Test position can be initiated
- Rest Qty can be planned on RT of TL
- Higher targets could be around
• Short Term – 126/148
• Long Term – 176(ATH @ 150.45) need to see price action in the ATH zone to confirm

Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind Jai Bharat

Comment:

Target 1 Achieved