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Rashtriya Chemicals & Fertilizers RCF -
a chart that caught my attention immediately. My favorite horizontal range with volume contraction. Will wait for breakout/breakdown in this. Lots of big green candles in the range. On radar.
Omkar Banne - Safe Tra...
- Took support near previous breakout level (67-68)
- Breakout after 1 year of consolidation
- 111 is the next level to watch
#RCF quarterly chart
Breaking out from a massive 15-year long descending triangle.
Price has been in a tight range in the last 1 year.
This could just be the beginning of a new long-term uptrend.
Stop - 78.
Need to fire up with three rocket launcher.
Risk mgt 55. On downside.
Need to cross ATH at anyhow.
If that happens Fibonacci extension level shown in chart. Likely to be tested in time to come.
29 March 2022 - Study
EquiAlpha -MidTerm Mom...
RCF Weekly : Looks good on a pullback to enter
Growth has been fine but overall sector is going good
Ye Rashtriya Chemicals (RCF) hai Ya Rashtriya Rifles (RR) !!
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