Breakout soon stock Long

REFEX INDUSTRIES LNSE

Description

⋅ Apr 7, 2024 8:18 AM

Cup and Handle Breakout Setup
RSI near 60 and rising
Trading above EMA50
In consolidation about 8 months

Disc: for study, not a recommendation

Comments

kumar9123

⋅ Apr 7, 2024 8:28 AM

seems suitable for short term... in 12mnth time frame rsi is above 90 n it needs to cool down ... may be can go till recent swing high and may reverse from there , but this looks very risky