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Rashtriyachemicalsfertilizers

Rashtriya Chemicals & Fertilizers Ltd - Breakout #RCF CMP ₹.170 Date : 02-01-2024 RCF is a PSU company engaged in the manufacturing and sales of fertilizers and chemicals. 75% promoter holdings with 0% pledge and a low debt company. Delivered good profit. ROCE & ROE improving. Debtor days improved, working capital cycle also improved. Overall fundamentals are improving. Now stock is in its 52 week high with significant volumes. Broken it's 2.5 year long resistance trend line. Also a round bottom breakout identified in charts. Expected to have a30% movement. Hopefully have all chances to become another FACT. Waiting for the fireworks . Stoploss at ₹.160-155 ranges. Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
NSE:RCF
by DevanNaayar