RCF Breaking out of multiyear resistance#RCF
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.
#vr
Multiyearresistance
DEEPAKFERT || Will Sustainable Multiyear breakout come ? NSE:DEEPAKFERT
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 Target of 600-720 for short/mid term time if it sustain above 492 level after breakout.
Please note: : This is just for educational analysis and it is not any financial/investing advise.
You can keep this stock on your watch-list /radar.
Better to take advise from your financial advisor before considering for any investment.