RCF Swing trade: A classic Cup and handle pattern on the way.Cup and handle pattern in formation
breakout confirmation above 90
risky entry can take around 88
rest all details mentioned on chart.
RCF trade ideas
On the verge of Trendline Breakout ✌✌This scrip is ready to give breakout as it is on the verge of trendline Breakout. So traders keep on your radar to catch the momentum.
Clear Consolidation Phase I tink that market according to weather analysis and good monsoon prediction for this year , RCF can get better valuation in coming months
RCF - Investment Stock 3Its buy in dips above 72 - 76 for the targets 88, 96, 108 and 122.
Note : Consult your financial advisor before investing.
RCF SPOT SWING VIEWRCF SPOT Trade Near Resistance Zone (51.50-54).
If Breakout Resistance Zone and Hold then meet marked Targets.
VIEW NEAGETED BELOW - 49 (DCB).
RCF Cmp 79.55 dated 6.5.2021 RCF Cmp 79.55 dated 6.5.2021
Flag Pattern breakout done already @ 76.
Buy for a tgt of 85-95-100-120 SL 68
It is just a view, pls trade at your own risk.
RCFAfter good run.. from last 8 week stock is taking support at 50% fibo level. Monsson is nearby & agro fertilizer stock to be on radar.
ADITYA JAIN TODAY'S VIEW (FOR Educational Purpose)Buy above: 85.00, Stop Loss: 72.00
(Last Price 81.75): RCF has completed its corrective 3 wave decline and it is expected to cross its previous high of 100.15 for projected target of 110.00
RCFNeed to hold this support line. If price moves sideways above this support then we can see upside price to go
RCF - Monthly Close Above 100 will fuel big time rallyRCF - Monthly Close Above 100 will fuel big time rally
RCF Analysis for Mid TermOnce the flag breakout is confirmed can go positional for the given with term Targets with SL 83
RCF - Head and Shoulder with Rising Volume and RSIRCF : Head & Shoulder on weekly chart. Weekly Closing above 200 SMA.
Right Shoulder Bottom taking support on 50 SMA and bouncing back.
Rising RSI and Huge Volume bar.
Looks good for 25% upside.
CMP : 67
Target : 83
SL : 58
Almost 1:2 risk reward setup
Chart Only for Education Purpose
Target 2 (55%) achieved. Target 3 is ON...This is follow-up on Rashtriya Chemicals & Fertilizers. Can check link to related ideas.
Target 2 achieved. More than 55%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Breakout in RCF and Target 1 (31%) achieved. Target 2 is ON...Target 1 achieved. More than 31%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
RCFA bookish INVERTED HEAD AND SHOULDERS pattern breakout
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
POSSIBLE BREAKOUT OVER CMP!!!Stock has given a crucial closing in today's session and has almost confirmed an inverse head and shoulders breakout on weekly charts. Stock can really show a big move from here as all the PSUs are going through rerating and this can be a very good play considering this rerating theme. A long position is recommended with respect to the levels mentioned on the charts.
