RCF Looks too strong on Weekly time frame.
It is approaching to break strong TL resistance since 2010.
On weekly time frame it has come out of strong supply zone after a year.
Risk takers can make and entry at current levels and add till 88 levels. keeping sl of 78 on WCB.
Safe ones can wait for clear breakout and then make entry.
This stock is for people who are looking for investing for short/mid term time. (1 -3 months).
From the chart it is easy to see that Safe buy will be on breakout of 492 level which is recent high.
One can also take entry from CMP. But I can see that it will consolidate a bit between 400-480 level before giving breakout on any side.
I can see...
Today in the beginning of this week it took support from the 38 level range and broke level of 40.50 and closed above it. And the closing was also higher than the last week candle. Volume was also good today.
Good to buy for short term.