Bullish Scenario: 405 - 414 is a major support 400 has been a hot zone for buying In anycase it should not go below 340 Investors can long with 375 SL and a 25% TP
With a good compression pattern in the daily charts, this stock may give a big breakout to 1625 levels. With a fresh bullish indication we can witness a breakout. A close above 1490 should trigger a breakout with volume pickup
Big breakout followed by consolidation. Selling volumes are not as high as buying volumes of the breakout. Fresh Bullish move may indicate continuation of the breakout to achieve 1535
As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle. What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg. Breakout is above 54 - 58 zone targeting 130+++