RCF trade ideas
RCF accumulation zone between Rs 80 to Rs 85RCF is in accumulation zone as long as it trades between 80 to 85. Use any dips to add more as shown in chart every correction between 21 and 50 EMA acted as support zone and offer good risk reward to those who accumulated this stock around this value zone. Do go all out, just keep accumulating in regular intervals to get the benefit of Rupee cost averaging. Any case keep strict SL at 75 daily closing basis.
RCF - Multiple BreakoutsAs on 17-06-2021
Accumilation of 3 modes of breakout on a single price
0.618 breakout @ 90
Asc Triangle Breakout @ 90
Triangle Breakout ( RED ) @ 90 as major resistance in order to avoid false breakout
Darvas Box Breakout @ 90
Target usually is height of triangle @ 17 points however,
105 lvls - 111 lvls was the previous high in 2018 . acting as a resistance
Therefore,
First Target @ 100 - 104
RCF is getting ready to FLY!???RCF: I am not sure whether it is Ending Diagonal (Falling ) of Motive wave OR Descending triangle of of corrective wave( seems like this is correct since I can see 3:3:3:3: zigzag). In either way, price is reaching PRZ. Watch out and go long !
RCF - Ascending Triangle - SwingThis analysis is purely based on price action and Chart Patterns.
The analysis is on daily TF hence target can be achieved in couple of days to weeks.
As can be seen from the charts, price has been in consolidation phase for some time. But Look at the volume candles. It clearly shows the high accumulation being done.
Actual Breakout from the resistance is yet to happen. Hence only risk taking traders should enter the stock anywhere between the consolidation zone.
For safe traders, entry can be either above the high of breakout candle or wait for pullback after breakout and then enter on pull-back.
SL and Targets are clearly marked in the image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
Breakout expected in RCF share price.If today’s price closes above triangle resistance line, break out expected in RCF.
RCF: possible maybe by Budget day ?RCF: possible maybe by Budget day ?
Stop if breakout abandoned below 95
RCF ParticipateLong target 75 above that 130 go long long go for it Monday first pick,Bullish on Monthly Weekly & Daily Charts, Superb Closing on weekly basis above resistance
