Line of Fire for RCF
For the past year RCF has done nothing great but managed to take support at 52-53 and managed to break it and form a resistance at the same level 52-53.
The stock had taken support 4 times at that price but eventually gave up, testing a support multiple times makes it weak and the price gives way eventually. On its journey upwards it has tested 52-53 2 times but has not been able to break it upwards.
I am waiting for the stock to cross this line of fire on upside for a quick move towards 60's and more..
Disc: No Personal Holding, its a recommendation yet. Once the prices moves above 52-53 i will be a buyer in this stock.
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Open a trading account with me and get all the stock calls free. Details on the link http://www.indianstockss.com/p/open-trading-account.html
Contact details:
Email : IndianStockss@gmail.com
M- 08010279223
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