Stock Name - RHI Magnesita India. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 670 & 610 will act as Demand Zone. Worth to keep in watch list for coming days.
#This...
NSE:RHIM
Cmp : 582
Try on Pullback near 562
#Study, Learn & Earn.
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RHI Magnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems
and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products.
the price has...
Fresh Bull Run in days to Come
TGT - 700 & 800+(Positional)
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We...
The price given a breakout , in past 3 session approx. 20% return generated.
Correct entry will be retest level between Rs 490-Rs 500 with target of Rs 580 , Rs 630 and Rs 700 and stop Loss at Rs 425
Thanks
Fundamentally good stock, chart pattern look goods
TGT - 500 & 550+
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated....
1) A simple channel pattern with seven touches at the top and three touches at the bottom.
2) One can after a breakout.
3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction)
4) still if you want to set a target then go with 1:2 or 1:3 risk...
stock after falling wedge breakout
now at high level and consolidating over the higher range of Bolinger band
also asymmetrical triangle is formed in 4 hourly chart
it seems, it has taken support at 20DMA. hammer formed at 20DMA.
RSI consolidating just below 60. breakout will give a good move. good consolidation in a tight range.
