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RKFORGE

RKFORGE Rectangle Consolidation Breakout#RKFORGE CMP 618 Stop Loss below 560 Multiple resistances broken in the range of 610 to 615 Breaking out of 4 month long rectangle consolidation/formation Nice volume spurt Positive breakout May fire for an upside of 22% considering the rectangle mouth length Disclaimer - - The view expressed here are my personal views. I am publishing this for my own records and what I see on charts. - If you're referring to this, please consider this ONLY FOR educational & research purposes. - Past performance is not a guarantee for future predictions - Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion. - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - Do your own analysis and consult your financial advisor before investing. TIA!
NSE:RKFORGELong
by nerdywasabi
watch for swing high breakoutthis stock has given breakout of a range and than did pullback and now again on verge of breakout. next resistance is at 720. buy above 671 in intraday and Swing for Swing stoploss is 600 day closing basis For Intraday- keep qty less as this stock is not very liquid. For Stoploss use 5 minute chart and see nearest support. for target also use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:RKFORGELong
by stockkar