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RCF

RCF break out, pull back and bounce1. Buy or Sell at your own risk 2. Don't risk more than 1%-2% of your capital as stop loss 3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price) 4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors) 5. Some other ways to sell stocks can be a. 25% or 50% up in three weeks or less b. Largest weekly price spread c. Exhaustion gaps d. Heavy daily volume without further upside e. Largest one day price drop after consolidation since may 2021, on 29th March NSE:RCF gave a high volume breakout. Today at pulled back to the support of Rs.88.50 and is currently trying to cross the previous day high of Rs.93.70. If he successfully bounces back above Rs.93.70 it will be a good buy with a stop just below Rs.87.50. Why are fertilizer stocks in demand? Shares of fertilizers companies have been in demand riding the commodity boom, more so after the start of the Russia-Ukraine conflict. According to reports, prices of three main types of nutrients have been rising for several months on the back of supply shortages and high energy prices. Recently, the government had permitted fertilizer companies to raise output of urea manufacturing units beyond installed capacity, in order to meet shortfall. RCF fundamentals: Company has reduced debt. Stock is providing a good dividend yield of 3.35%. Company has been maintaining a healthy dividend payout of 50.47%. Debtor days have improved from 140.73 to 63.89 days. Debt to equity at 0.50 (less than 1 is good) and Interest Coverage at 7.46 (greater than 3 is good).
NSE:RCFLong
by akashbothra
RCF- Nearing Multiyear Breakout ZoneRashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with 75% stake owned by GOI. Company is engaged in manufacturing and marketing of fertilizers and industrial chemicals. Company is trading below historical 10 year Avg PE while the sales have almost doubled alongwith margins. Stock has been a laggard and has not created any wealth for its shareholders from past 10 years, however its currently trading at a interesting zone where above resistance zone this stock will be looked like a PE Rerating Candidate and analysts and fundmanangers in order to extract value in this overheated markets can look at RCF as a potential candidate. So this is a stock to keep on our radar and watchout for resistance zones. Breakout of this multiyear resistance zone it can become a potential play for rerating.
NSE:RCF
by StrategicAlpha
RCF - Mid/ Long Term BuyRCF seems fundamentally strong - again its in chemical sector. Also presently showing a good consolidation. High potential to give a strong breakout and continue in that direction. Keeping an SL below 67 Rs, I have started to build my portfolio in this stock. I have already bought about 40% of my fund allocated for this stock. Currently my buy avg is 82. Will add more if and when its coming down. I will exit at a tgt about 40% up, but I am seeing it to reach a potential of 165-85 Rs. Let's see.:). Usual Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser. This is for a mid to long term investment only, its not a positional or an intraday trade
NSE:RCFLong
by theTradingSailor
6
RCF - Bullish BreakoutThe stock seems to have made a bullish breakout with very high volumes for 2 consecutive days. It has high resistance around 90 levels, hence the trade should only be initiated if it crosses 90 and sustains that. The likely targets are 100 and 110. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:RCFLong
by Yes2Profits