Stock Picks - Buy Rashtriya Chemicals and Fertilizers Ltd For Target Rs.85 - ICICI Direct
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Observations
* The stock has generated a breakout above a falling supply line joining highs since September 2021 (| 89) signaling resumption of up move and offers fresh entry opportunity
* It is seen sustaining and forming a base above the 50 days EMA (currently placed at | 76) signaling strength and a positive price structure
* We expect the stock to continue with its positive momentum and head towards | 85 levels in the coming sessions as it is the 80% retracement of the recent breather (|89-66)
* Among the oscillators the daily 14 periods RSI is in up trend and is seen rebounding taking support at its nine periods average thus validates positive bias.
Buy Rashtriya Chemicals and Fertilizers Ltd @ 79.00-81.00 TGT 85 SL 76.70
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
 2.jpg)
