RCF fell from 190 to 118 and CMP is at 133 which shows some strength and potential to make a new high or touch ATH zone. SL can be considered any closing below 118 on Daily basis.
NOTE: I'm not a SEBI REG. Study before investing.
A little late in posting this but the risk to reward is still favorable!
NSE:RCF is an India-based fertilizer and chemical manufacturing company.
The Company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, water soluble fertilizers, soil conditioners and a range of Industrial Chemicals.
The Company operates through the segments,...
RCF seems fundamentally strong - again its in chemical sector.
Also presently showing a good consolidation.
High potential to give a strong breakout and continue in that direction.
Keeping an SL below 67 Rs, I have started to build my portfolio in this stock. I have already bought about 40% of my fund allocated for this stock. Currently my buy avg is 82. Will...
