RCF has been consolidating in a tight range from last 1 year and it has finally managed to breakout of it with very heavy volumes. If todays closing is above 92.5, RCF is a good positional trade for minimum targets of 100, 110.
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Today's high is 102.35. T1 achieved in a single day.
Good analysis. What is the basis for other levels - 111, 135. I am new to trading, I am sure I am missing something.
tradewithamey_
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@GOLONG88, Thanks. 111.4 is the previous high made in January 2018 and I had taken fib retracement from 111.4 to low of 22.15 in March 2020. If you check, the high of Nov 2010, it is approx 132 which is around 135 levels. So Fib levels match it.
I am new to trading, I am sure I am missing something.