A good C & H is formed with sufficient consolidation of price followed by a classic Price-Volume action.
The price target should be equal to the depth of the cup; above the lip of the cup.
RCF has given 16 years range breakout above 150 levels.
Usually, such long consolidation breakouts are can turn out to be multi baggers (See recent moves in PFC, REC), at least 2x to 4x.
Target: 270+ and beyond on trailing basis.
The analysis is done on Weekly TF ad well as on Monthly time frame for bigger picture. The price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart.
Pls check the monthly chart here -
The above analysis is purely for educational purpose. Traders must do their own...
RCF - Multiyear High Stock. Stock IS trying to BO 2008 High it seems that BO will be Done.
Volume is also Supported. Can give good return in Coming weeks and Months. As a Swing trader i try to Capture less but quality deals which can give good return in Weeks and Month.
Alays Focus on Risk Management and use Dips to buy these Multiyear High Stocks.
Remember: I...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
The stock has given a good day closing today supported by good volumes.
One can keep a watch in coming days depending on weekly/monthly closing for more upmove.
This idea is not a BUY/SELL recommendation.
It is for Educational purpose only.
Learn & Earn,
Dr. Tanya Kumar
This Stock is Near Breakout and also looking Bullish conversion if tomorrow Closing price is higher than Rs 144 then TGT will be 155-160 with SL of 138.( Before buying this stock please analysis self & also check financial of this Stock ). I am not a market researcher or not market analyst.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
Swing Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains
INTRADAY Trading Strategy:
1) Impulse...
BUY - RASHTRIYA CHEMICALS AND FERTILIZERS
CMP - Rs. 102
Target - 1: Rs. 135
Target - 2: Rs. 154
Target - 3: Rs. 170
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Technicals - Bullish Flag nearing BO
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This is just a view by an expert analyst, please invest at your own risk.
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On Daily-Chart of Rashtriya Chemicals & Fertilizers Ltd , a bullish continuation pattern known as a broadening pattern or diamond pattern has been formed. This pattern typically occurs during a downtrend and consists of price movements creating higher highs and lower lows, forming a widening or broadening shape.
As the pattern progresses, the range between the...
