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.
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