RCF fell from 190 to 118 and CMP is at 133 which shows some strength and potential to make a new high or touch ATH zone. SL can be considered any closing below 118 on Daily basis.
NOTE: I'm not a SEBI REG. Study before investing.
Rashtriya Chemicals and Fertilizers Limited (RCF) has formed a bullish chart pattern called Head and Shoulder. Chart structure is bullish in every point of views like in a daily chart pattern you found RSI above 60 and also above 200 EMA is a very positive signal of uptrend.
Head is formed at very important zone which act as a resistance for than a decade almost...
In the Weekly Chart of RCF ,
we can see that; after the failure of its retesting, It has shown a recovery in W pattern.
Let it retest the same Trendline.
Expected momentum is shown in chart.
Mention Information is only for Educational Purpose.
Dear Traders,
I hope this message finds you well. I wanted to share my view on
RCF with you. I Think that this stock got some potential to give good return
Stock: Rashtriya Chemicals and Fertilisers Ltd.
Entry Point: triggered
Stop Loss Point : 130
Target Point: 147,160,170
Please keep in mind that...
RCF broke through resistance and has received Navratna status from the Indian government. Hold for the long term, but swing traders can consider exiting at 141 .
Nifty #Nifty50 #Banknifty #Niftybank #Stockstowatch #StockmarketIndia #Stocks #GIFTNIFTY #StocksInFocus #swingtrading
🚨DYOR
🚨SL must, it depend's on your risk appetite
Please see details on the chart. I have included the fundamental analysis as well as my take on Technical - Price action.
This is a Investment Idea and not a 'trade'. No FnO please!
Please consult your investment advisor before investing.
RCF gave a monthly breakout in December 2023 after trading within the same range for 15 years. The company has decent fundamentals, with the Government of India owning a majority of 75%.
RCF Analysis & Prediction
This is the analysis of RCF in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the Rectangle Pattern with volume. This break out level may be retest in near future. If it will sustain above the breakout level, it is good for the stock. Generally Rectangle Pattern Breakout is a bullish signal for...
NSE:RCF
EDIT- 1st, 2nd, 3rd, 4th and 5th indicates attempts to break the trendline and not the date. The dates ( in MM/YYYY) are written below the attempt number.
Rashtriya Chemicals and Fertilizers Limited (RCF) manufactures and markets various kinds of fertilizers such as urea, bio-fertilizers, micro-nutrients, water soluble fertilizers, soil conditioners...
#RCF trading above Resistance of 166
Next Resistance is at 256
Support is at 111
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
RCF ltd - cmp 108
Fertiliser company stock that has breached monthly close of 110 (year 2007) and has sold around 134 levels.
Now trading again at 108 which is a very strong support for it.
Now volumes have dried up which is a sign of consolidation happening and it is not under the public eye.
From here it may again start upmove till 135-140 which is a resistance...
#RCF
CMP ₹.170
Date : 02-01-2024
RCF is a PSU company engaged in the manufacturing and sales of fertilizers and chemicals. 75% promoter holdings with 0% pledge and a low debt company. Delivered good profit. ROCE & ROE improving. Debtor days improved, working capital cycle also improved. Overall fundamentals are improving. Now stock is in its 52 week high with...
On request of @Loserboy69, NSE:RCF is in an Up-Trend.
Elliot's 3rd Wave is progressing in the Weekly Chart which should take the price up to 174.05. From the Current market price to this Target, there will be a 48% Return on Investment.
Price never moves up straight, so, it will create a lot of Corrective moves while going up to this target.
Holding and...
