RCF
15 years breakout#RCE
• monthly chart analysis
• budget session: this stock is in focus
• breakout 2008 high level
• 15-year breakout in chart
• 2008 volume build-in chart but global crisis hit stock badly
• ascending triangle pattern breakout
• 2022-2023: massive volume in chart
• this volume helps to breakout chart 🐂
• Target and Stop losses mentioned in chart
• we never recommend buying and sell any charts and this stock is also
• More, please check the chart all mentions in that
RCF - Bullish Momentum with volumesNSE: RCF is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
RCF_ DailyRashtriya Chemicals & Fertilizers Ltd. is an Indian central public sector undertaking under the ownership of Ministry of Chemicals and Fertilizers, Government of India. It. produces chemical and fertilizers. It is based in Mumbai. RCF is fourth largest government owned-fertilizer-producer in India.
Only for Educational Purpose.
RCF Long at 102Initiated Long for RCF for 6 months to 1-year time frame
RCF made a cup and handle pattern, broken trend line and resistance, and retested and formed a green candle on daily TF.
Last resistance 112, once it is broken with volume and sustained for a week, can see next level 150 and then it 200+
It is a dividend-paying stock so I'm gonna accumulate it if any dip comes.
Fundamentals are good, though PSU stock expecting fertilizer stocks to perform in near to mid-term
RCF accumulation zone between Rs 80 to Rs 85RCF is in accumulation zone as long as it trades between 80 to 85. Use any dips to add more as shown in chart every correction between 21 and 50 EMA acted as support zone and offer good risk reward to those who accumulated this stock around this value zone. Do go all out, just keep accumulating in regular intervals to get the benefit of Rupee cost averaging. Any case keep strict SL at 75 daily closing basis.
RCF - Ascending Triangle - SwingThis analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
As can be seen from the charts, price has been in consolidation phase for some time. But Look at the volume candles. It clearly shows the high accumulation being done.
Actual Breakout from the resistance is yet to happen. Hence only risk taking traders should enter the stock anywhere between the consolidation zone.
For safe traders, entry can be either above the high of breakout candle or wait for pullback after breakout and then enter on pull-back.
SL and Targets are clearly marked in the image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.