RCF - Forming Bullish Head and Shoulder Chart PatternRCF is forming bullish head and shoulder chart pattern, waiting for upside breakout!
Once breakout given we will update how to trade Head and Shoulder chart pattern and most of you know how to trade.
Thank You
Arvind Yadav, Cfa
Arvind Share Academy
RCF
GET YOUR FERTILISER NOW!Om Birla has been successfully elected as the Speaker of Lok Sabha at the convenience of BJP. Session is set to begin. Finance Minister will be ready with her Budget anytime now. And we all know what happens when Budget comes and considering the performance of BJP in UP, Harayana and Rajasthan, farmers will get far more than what we expect, if not the farmers, these fertiliser companies will. Be ready to use these fertilisers to boost your portfolios. Majority of them have already move and showed their potential, they are all re-testing and reversing, waiting for the good news to make the new highs. Not just these 6 here but many others are also there. Keep the whole sector on radar.
RCF - Swing Trade Analysis - 26th May #stocksRASHTRIYA CHEMICALS & FERTILISERS (1D TF) - Swing Trade Analysis given on 24th May, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
#rcf #nifty500
RCF - Head and Shoulder Chart PatternRashtriya Chemicals and Fertilizers Limited (RCF) has formed a bullish chart pattern called Head and Shoulder. Chart structure is bullish in every point of views like in a daily chart pattern you found RSI above 60 and also above 200 EMA is a very positive signal of uptrend.
Head is formed at very important zone which act as a resistance for than a decade almost (14 years). After successfully breakout of important resistance now price retest that level and formed strongest support zone with bullish piercing candlestick in daily timeframe. Change of Polarity, Prior resistance become support.
RCF buy above 148
Stop Loss below 142
Target 163 and 186
RCF Analysis & PredictionRCF Analysis & Prediction
This is the analysis of RCF in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the Rectangle Pattern with volume. This break out level may be retest in near future. If it will sustain above the breakout level, it is good for the stock. Generally Rectangle Pattern Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About RCF :
Rashtriya Chemicals & Fertilizers Ltd. is an India based fertilizers manufacturing company. It operates through the following segments: Fertilizers, Industrial Chemicals, and Trading. The Fertilizers segment engages in the production and supply of various grades of fertilizers for agricultural use. The Industrial Chemicals segment engages in the production of various chemicals and supply to diverse industries. The Trading segment represents fertilizers imported / locally sourced and marketed for agricultural use. The company was founded on March 6, 1978 and is headquartered in Mumbai, India.
RCF Analysis - Don't miss this opportunityNSE:RCF
EDIT- 1st, 2nd, 3rd, 4th and 5th indicates attempts to break the trendline and not the date. The dates ( in MM/YYYY) are written below the attempt number.
Rashtriya Chemicals and Fertilizers Limited (RCF) manufactures and markets various kinds of fertilizers such as urea, bio-fertilizers, micro-nutrients, water soluble fertilizers, soil conditioners etc.
TTM EPS: 11.28
TTM PE: 8.39
Sector PE: 17.42
Book Value Per Share: 60.42
P/B: 1.57
Face Value: 10
Mkt Cap (Rs. Cr.): 5,218
Dividend Yield: 3.15
Some Positves:
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
New 52 Week High
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Increasing Revenue every Quarter for the past 4 Quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Negatives:
Over the last 5 years, revenue has grown at a yearly rate of 0.23%, vs industry avg of 7.19%
Over the last 5 years, net income has grown at a yearly rate of 17.29%, vs industry avg of 31.88%
Over the last 5 years, market share decreased from 8.45% to 6.02%
If sanctions over Russia are withdrawn then it may have a negative impact on Indian fertilizer companies.
My Opinion: GoI is selling stake in RCF & NFL to reach Rs 23k crore disinvestment target. The company has double cash reserve than debt. Russia and Ukraine produce around 20-25% of global fertilizer production. The supply has taken hit and this presents a good opportunity for Indian companies. The volume indicates that the price will breakout the trendline this time. First target 100 above that 135-140 is very much possible in next 3 months.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Rashtriya Chemicals And Fertilizers Ltd - Long Setup, Move is ON#RCF trading above Resistance of 166
Next Resistance is at 256
Support is at 111
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Rashtriya Chemicals And Fertilizers Limited (RCF)...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
RCF - Multiyear breakout - Huge potentialThe analysis is done on Weekly TF ad well as on Monthly time frame for bigger picture. The price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
Pls check the monthly chart here -
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
RCF - Continuation Diamond (Bullish)On Daily-Chart of Rashtriya Chemicals & Fertilizers Ltd , a bullish continuation pattern known as a broadening pattern or diamond pattern has been formed. This pattern typically occurs during a downtrend and consists of price movements creating higher highs and lower lows, forming a widening or broadening shape.
As the pattern progresses, the range between the highs and lows narrows, indicating a potential consolidation or indecision in the market. However, when the price breaks out above the upper boundary line of the diamond pattern, it suggests a continuation of the prior uptrend. This breakout is seen as a bullish signal, indicating that buyers have gained control and the upward momentum is likely to resume.
It's important to note that technical analysis patterns are subjective and should be used in conjunction with other indicators and analysis techniques for more accurate predictions. It's always recommended to conduct thorough research and analysis before making any trading or investment decisions.
Note for everyone who came across this reference:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
RCF - The Boring CompounderIf you want to make money in stocks chose boring if you want excitement travel to a casino
RCF has broken out of decade long triangle & rise from Covid bottom is a clear impulse & this stock has already started Wave 3 so a 10% risk from here gives us a target of 300% rise a good RR trade.
I am not a SEBI Registered analyst charts shared for education purpose.
RCF - DAY CHART - 28.12.2022 - BAHAVAN CAPITALRASHTRIYA CHEMICALS & FERTILIZERS as per Day Chart Analysis
ABOVE 137 TARGET 140
For the last four sessions FII had been selling and DII only in Marginal Buying.
Hence tomorrow being month end expiry trade safely....
Happy Profitable Trading to All.
Advance Happy New Year 2023 wishes to all....
RCF - Ichimoku Bullish Breakout Stock Name - Rashtriya Chemicals And Fertilizers Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 145.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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