As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle.
What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg.
Breakout is above 54 - 58 zone targeting 130+++
To invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start ...
Nifty may form a triangle on 120 mins chart. RSI as well as price are near supports suggesting a bounce. If it forms a triangle, risk-reward is very attractive here! As long as above 8050, view remains bullish targeting 8200+