RCF trade ideas
Rashtriya Chemicals & Fertilizers Ltd(RCF)-Inverted H&SRCF weekly chart shows inverted Head and shoulder pattern. Can buy once weekly closing is above 55 for up move i.e. wait for the breakout. Can buy at cmp and can accumulate in dips.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
DAILY SWING CALL // Thursday 10th of December 2020 // NSE: RCFDAILY SWING CALL // Thursday 10th of December 2020 // NSE: RCF
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 51.7
TARGET: 60 (15% Around)
STOP LOSS: 46 (10% Around)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com
Go long for RCFGuys take advantage of PSU being safe if nifty falls,dividend date is also nears...so best oppurtunity....Study yourself before investing
RCF looking for trendline breakout on weekly chartRCF looks good for buying once it breaks the trendline on the weekly chart(LTP 47.1). It is also forming a cup and handle pattern near the trendline. Targets can be 60 and 65.85
blasting candidate, keep on radar for 54, 59!Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
BUDGET PICKSI am very new in technical Ana. So please friend just watch this level but do not trade ........BUY RCF AT 60-62 FOR TARGET OF 82 WITH SL OF 58 TIME FRAME IS JUST 4 WEEK
Rastriya Chemical may turn bullishIf it manages to close above 79.50, progressive targets in short term will be 84/ 87/93 and 113.50
RCF good long / shortterm betconsolidation going since long time once breakout above 98... can go for much higher target...good value pick for much higher target
+ RCF Above 98 For Target 105-114 SL 92 Entry Above 98 Only.+ RCF Above 98 For Target 105-114
SL 92
Entry Above 98 Only.
RCF LONGRCF has picked up from support.Possible double bottom in formation.Buy in 77-79 range first target 83.5 and then 89.Higher targets if it gives breakout from the neckline drawn.Maintain StopLoss at 73.
Goodluck Trading!
Indeed Offer for Sale in RCF.....RCF 1.00% fell from 100 level to 75 almost 25% down but the fall is not justified by its volume ..... Secondly looking at monsoon forecast and Goverment's agri reforms.. its look to be very good bet to buy... isn't it?
