RCF Ready to Rally?
Updated
Simple analysis No Confusion! I have marked levels and targets on charts and i hope they are self explanatory, looking at the volume build up in this scrip it should easily close above 151.95(monthly time frame candle).
Looking at the financials of this scrip, RCF had significantly reduced their Debts from past few years, this looks very attractive for investors and as per price action and Volume build up this stock and easily rally above the levels marked in the chart, its looking good for short term investment for a period 1 to 1.5 years.
Analyze as per your view and invest accordingly for best returns.
Looking at the financials of this scrip, RCF had significantly reduced their Debts from past few years, this looks very attractive for investors and as per price action and Volume build up this stock and easily rally above the levels marked in the chart, its looking good for short term investment for a period 1 to 1.5 years.
Analyze as per your view and invest accordingly for best returns.
Comment
Breakout is confirmed in monthly timeframe, its previous high was 150.45 and the candle has closed at 151.95 so its confirmed breakout and one can plan to trade as per the levels
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