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.
Reratestocks
LOOKS READY FOR A BIG MOVE!Stock gave a breakout over the levels of 820 and retraced itself back to those levels last week, after retesting those levels it again bounced back strongly and now looks ready to surpass the previously made highs. Not only that, when stock tanked down around 20% last week the volume can be seen as the lowest and vice a versa, which further confirms that stock is totally bullish. Chip in, keeping the levels mentioned on charts in mind. Targets will be updated once achieved.
BIG BREAKOUT AWAITS | PRIVATISATION | VALUE UNLOCKING This stock is just on the verge of a big breakout on it's weekly charts but that's not all it is one of the contenders to be in the next list of the companies to be privatized by the government, company looks really sound in it's financial statements too and all of these points make it loo really good to go from here. It has been an underdog from so long but now is the time for it to show serious bullrun. Just make your strategy follow the stop-loss and cash in.
ANOTHER INVERSE HEAD AND SHOULDER, POSSIBLE BREAKOUT OVER CMP!!!Stock has struggled to give closing on these levels but has finally given in today's session. this is another play to capitalize on PSUs rerating theme. Stock can show some good aggressive bullish move from here so a long position can be taken keeping the levels mentioned on charts in mind.