RCF start to ready to break 135 level SL 118 DCB RCF trying to give catch up move above 135 once cross and daily clab 135 can go 140-145 cross 145 review more. CMP 126.30 SL 118 DCB FOR 140-145. For more details go through chart.
RCF trade ideas
Rcf previous swing breakout Rcf previous swing breakout
Buy for swing trading
Target for 150 to 160
Stop loss 118
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RCFRCF has successfully achieved a significant breakout of the crucial Gann box levels, convincingly surpassing the downward trendline on a daily basis with considerable trading volumes. The suggested stop-loss (SL) is set at 110, while the targets have been carefully identified using Gann box analysis.
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
RCFRcf after many weeks consolidation gave breakout with volume and looking good now
Expecting ath break from here
Best possible Swing trade!!Hello fellow traders,
In this post i am sharing a possible swing trade setup. The stock is RCF(Rshtriya Chemical fertilizers).
TECHNICAL ANALYSIS: As you can see the stock is bullish from 2020 by forming higher lows and higher highs and also takes support at the trend line from 2020. Now the stock has retraced back after forming a higher high and is now on the move to make a new higher high. We can see that it is now forming a cup and handle formation and is about to break out of it. It is also being supported by the 21,50 and 200 daily EMA's.
FUNDAMENTAL ANALYSIS: The company is a fertilizer company. Now is the time of monsoon in India, the time when most of the agricultural practices start and meets the need of a huge population of 1.42 billion people of the country. And more than 50% of the population depends on agriculture for their livelihood. With monsoon starting,the demand for the fertilizer will increase as fertilizer is an important part in the agricultural industry. This may attract FII's as well to make use of the opportunity pushing the stock price up.
RISKS: Monsoon is really important for Indian agriculture. But if the El Nino effect in there in the Pacific it will seriously affect the rainfall the country will get, which will force farmers to stop their cultivation. This could affect the fertilizer demand. As of now the monsoon has reached some south west States of India but the cumulative rainfall till June 20 is said to 33% less than the normal. And the monsoon only reached the country only after fews days from it's normal and estimated time , all thanks to the Biporjoy cyclone. But the IMD says that India will receive 94% of the rain that it gets normally even though there are some barriers in front of it.
You may take the trade once the price breaks above the cup and handle formation (above the marked daily resistance) and keep SL below the resistance (now support) which the price broke. And Target the higher high or the previous high.
DISCLAIMER: THIS IS SOLELY MY VIEW OF THE STOCK AND NOT A FINANCIAL ADVICE. I WILL NOT BE RESPONSIBLE FOR THE TRADES YOU TAKE. DO YOUR RESEARCH,BE WISE AND MANAGE YOUR RISKS.
RCF - Rashtriya Chemical & FertilizersBreakout in Daily Time frame
Scrip Name - RCF
Chart Pattern - Trend line Breakout
Trend - Upward
Volume - High Volume during Breakout
RSI - Above 60
Analysis - RCF has given breakout in daily timeframe in upward direction. Breakout happened with high volume on 5th July 2023. RSI also above 60. RCF was consolidating in daily time frame touching 200 EMA which makes it more stronger breakout. So if we consider factors - Volume, RSI, 200 MA we can give 3 Star to this stock.
RCF buy modebought today little quantity @110 will update as trade goes cannot enter in big quantity as stoploss is not near it is a momentum buying will add on both sides upside and down side will update fresh positions
RCF - Bullish Momentum with volumesNSE: RCF is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
RASHTRIYA CHEMICALS DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
rcf looking bullishrcf bullish rcf looking bullish
rcf bullish
rcf bullish rcf looking bullish
rcf bullish rcf looking bullish
RCF (Swing):RCF (Swing):
A 20-30% up move is on the cards.
Note: Do your own due diligence before taking any action.
RCF bearish view in short termRCF bearish view in short term: As we can see in chart , RCF has tried to breakout 96 by descending pattern but it is about fail.
To gain some profit, To short now at this level for 3 to 5 % gain with Stop loss 1%.
rcf dz in 98-99 zonercf can be bought in the given dz of 98-99 zone with day closing below 93 as stop loss
targets given
Quick Intraday Trade in RCF Hourly flag pattern breaks out with volume support. A good quality stock that is likely to see a swing in demand post-budget due tomorrow.
Entry - 122-123
Target - 128/132
Sl - Below 118
RCF - Bullish Swing ReversalNSE: RCF is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Buy opportunity in RCFA breakout above support levels with volume, and pullback retest. DMI bullish
Buy above 140 with SL below 124 and target 164/178
RCFRcf under construction
three month consolidation done
volume build gradually.Price action pattern ready for breakout.Our trading system(thetrendraider) given buy setup
all levels share for education purpose only.we are not sebi registered
RCF: Strong breakout candidateRCF has given a strong breakout based on the weekly chart time frame. Keep it on your radar!
RCF MULTI YEAR BREAKOUTRcf has given multi year breakout with extremely large volumes and is on the verge of breaking its high of 135 of 2008.
Another positive factor buying was seen in last half hour...
