In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
After good rally upside nifty consolidated for two days now and making a pole and flag pattern which is same as of BANK NIFTY both were in a good move and the good rally continue after this structure is broken. Please comment down below what do you think about the next move of these index.
RKFORG | Flag breakout opportunity (Small position size please) - Looks good for 40% Taking based on only technical chart setup - Fundementally slightly weak company as EPS is in negative. Similar to WELSPUNIND, TATACOFFEE patterns. CMP : 642 (Dip : 600) SL : 540 Target : 850
Today the National Aluminium has broken out from the Ascending Triangle . --- The volume is comparatively high. The quarterly results are positive too. --- Now the breakout has happened, the previous resistance will act as a support 35.00 --- This is a good chance --- Ignore the RSI