Obverse this interesting stock. Has been hitting back to back lower circuits for 7 trading sessions and started reversing with strong candle hitting upper Cricut today. In my observation this stock has taken SMA 50 support most of the time also and SMA 200 when it can't pull back. Even though there is no real bad financial results this stock took heavy correction...
Observing previous swings from Oct 23, 2023, attempts are made to breach the resistance, not able to breach strongly but in each attempt new higher high is set in every swing. Based on past swing reversals, I am expecting a hammer tomorrow and hope we can capture around 7% profit in next week. Today I have averaged this stock and I am going to pyramid if a...
Keep an eye on NSE:RCF Stock approaching buy zone for correction.