#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.
#stockideas

More from Trendline Investor
#ICICIBANK low made 670 and now 800.
Channel reversals are the best price points to buy a stock or add more.
We saw this in #SBIN as well 👇https://t.co/EATq54Pgbw
These stocks have a long way to go! https://t.co/wUyJUqUlUE
Channel reversals are the best price points to buy a stock or add more.
We saw this in #SBIN as well 👇https://t.co/EATq54Pgbw
These stocks have a long way to go! https://t.co/wUyJUqUlUE

#FnOstock #SBIN has completed a 9 month time correction towards the primary trend line & is all set to head higher from here.
— Trendline Investor (@dmdsplyinvestor) July 11, 2022
This could also be a #SIP stock considering it broke out from a decade long consolidation in Feb'21.
Might continue to outperform #Nifty & #Banknifty pic.twitter.com/mYk4exvOn7
#BDL The stock has been holding very well in spite of the crazy sell-off in markets and has been consolidating in a tight range in the last 2 weeks.
- CCI never went into bearish territory
- Relative strength hits new highs
Expecting a strong move next week! https://t.co/rDCnSOFkxs
- CCI never went into bearish territory
- Relative strength hits new highs
Expecting a strong move next week! https://t.co/rDCnSOFkxs

The consolidation I mentioned in #BDL is in progress and if I want to take fresh/add more to the current positions this is one way to do it - Trendline retest!
— Trendline Investor (@dmdsplyinvestor) May 4, 2022
One can also wait for a reversal confirmation before adding. https://t.co/qcUntm9NEz pic.twitter.com/5lgT8aZZpB