RCL.NThis chart and analysis are not financial advice. Do your own research before trading or investing.
RCL.N
01. Prices are closing above the 30 WMA.
02. 10 WMA is inclined towards crossing the 30 WMA.
RCL.N0000 trade ideas
RCL.N0000 - Strong resistance levelsThere are two areas for RCL that will act as strong resistance levels.
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RCL BuyBetter to buy a chunk of RCL around 30.00 LKR. Trendline from 30th May, 2023 is currently holding. If you're buying new, better to buy 30% of the planned share amount, thinking of DCA if the price gets dropped. DCA buying plan is as follows.
Around 30.00 LKR (30%)
25.00 - 27.00 LKR (33%)
Around 22.50 LKR (37%)
RCL to break out?In an ideal world, RCL should bounce off as it retraced well from the initial breakout.
However, this is CSE and nothing is predictable.
Lets wait and see how it plays out.
RCL.N - ROYAL CERAMICS LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:RCL.N0000
RCL on My Viewalready broke upper trend line. need a good impulse from golden pocket levl for previous impulse to break 40 zone , if not will come to take support from 24 zone and repeat the sideways move.
RCL.N - ROYAL CERAMICS LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:RCL.N0000
RCL Weekly
Checking on the weekly chart we see that it has broken the downward trend line and close above it.
MA 30 is now Flattening out which will eventually create stage one.
Currently, it is very resistance and just closed on it.
During trading hours we so high volume moments during the week.
RCL Daily
Checking on the daily chart it is at the MA 200 resistance.
Breaking above and keeping above the MA 200 will be a huge impact on the share price.
RCL considering the last spike. RCL went up and got rejected at a Fib level 35.2 and came down rapidly following xD. Now it has made Hidden bullish divergence and making recovery Demand zone. Heavy resistance can be expected between 30.5-31 range
RCLthere is hidden bullish divergence in RSI. However counter needs a catalyst for next Run.. ! definitely good prices for long term players!
RCLseems like most of the folks used it for Dividend perse and got rejected hard at 35.2 fib point.
However now again at an attractive price for investors with a Hidden bulllish divergence in RSI.
RCL - Tile boss
RCL official broken the bearish trend and made a HH. RSI has also showing a clear break.
Fibs can be used to take profit!
RCL | Testing 200 MAThe stock's current price is testing its 200-day moving average. If the stock price breaks above this level, it could test the resistance range between 31.5 and 32.
RCL - Boss of tiles RCL has broken from its falling wedge trendline (following an exaggerated divergence) and is now consolidating above SMA50,
while retesting the broken trendline.
Prices can come down up to 28.3 levels until it makes the next HH, breaking 31.3 (latest High).
Keep an eye of long consolidation of the counter, RSI trendline breakout will likley to take the prices to next stage.
