RHIM trade ideas
RHI MAGNESITA INDIA LTD SWING TRADE📊 Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
Always follow the trend and manage risk wisely!
Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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RHIM longthis trade is based on Support, expecting 590 as strong support. If 590 is breached, will be updating the trade.
RHIM -buywe have a target of 775 if crosses 780 and remains their for 2 days we can easy go upto near 888. as suggestwed buy FIBO EXT and trend line resistance.
33 % OF RISE EXPECTED IN SHARE OF RHIM FROM SPOT 645RHI Magnesita India is the leading supplier of high-grade refractory products, systems and solutions which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass.
follow for more intraday analysis on wsup 8459 2202 02
RHIM--BUYAFTER bottoming out at 600 odd level as was suggested to book profit at 880 level previously and buy near to 600 level. Now RHIM trg are 813 and 940 once near to 940 we will decide about next level.
#RHIM Momentum started with VCPBullish in this stock.
Breaking the barrier since Feb 2023,
Breakout candle with good volume
VCP is sure
keep or radar.
Momentum can be for 1 or 2 month.
Later can be tracked on Weekly chart
RHI Magnesita long at CMPLevels Marked with R is the Resistace, T are the Targets and S are the support for the stock, Volume based buying with breakout seen on the 11/8.
The Post is for educational and learning purposes.
RHIM: WATCHOUT FOR BREAKOUT OF ROUNDING BOTTOMNSE:RHIM is forming a rounding bottom and is near its resistance line. Watchout for the breakout of same. Long positions can be taken only after closing of candle above Neckline.
Around 750% in 3 years!hi @JainArpan
Approx. 750% in 3 years ,and since inception of this company it gave almost 4400% + results what is there for me to tell you . just some resistance only I can see and congratulation that you found Such companies.
I don't know that TA by which I can find such companies .
All the best.
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rhim-sellafter 5 wave ended at 880 level and advised everyone to sell and buy IFGL AT 220-250 Level. In RHIM we are heading toward 580 level and end of C wave their . can buy once it touches 580 level approx
RHIM-SELLas per elliot wave on monthly chart we are heading towards 540 level. Macd is about to give sell signal. Stocastic divergence has already generated sell signal.
RHIM-SELL heading toward 700-721 level book your profit MACD giving sell negative divergence . fundamentally overbought and valuation streached
RHIM-SELLHourly chart suggest sell as MACD is in OVERBOUGHT zone and slow and fast moving averages cross over. RSI is also comming down from 90 level .As 5th wave got completed at 835 level and volume at that level was very high suggesting down loading by bulls lively to correct till 710 level.
#RHIM harmonic updated#RHIM super bullish
Ready for fresh high
Target-799
SL-526
CMP:718 @ 19 October 2022
RHIM BREAKOUT RHIM has given a breakout on the daily charts breaching the trendline levels of Rs 751 and 52 week high of 739.
Made all time high
Stronger volumes are also visible
However on the 5 minute charts the stock has shown profit booking in last 0.5 hours but has taken support at crucial level of 780.
RHI Magnesita - Go Long (Inspired by Natty Sir )Looks very attractive. Should be kept in your portfolio as long as the long term growth story is intact.
Stock is in a Ascending channel (Rising Channel).
stock could touch the upper median and may face resitance which is a good 30% from current levels.
The company recently acquired 2 companies which aim to add more profits.
Overall a good bet.
CONS:
The stock may face resistance as its touching the channel median. but should be a good opportunity to add if it falls.
Ascending channel continuation in RHIMAscending channel continuation in RHIM..
Above 726 need to sustain for more bulls
Follow strict risk reward and stop loss if follow chart level
Thanks,
V Trade Point
RHI MAGNESITA INDIA LTD Life Time High Break *RHI MAGNESITA INDIA LTD*
Time Frame: Daily
Observation:
* Life Time High Break
* Breakout on Supply Level.
Resistance/Target: 765 840 916 965
Support: 641 566
RHI MAGNESITA break out trading and positional tradeThis is only for education purpose only. Please check your own analysis before you take a trade
