RCF - Head and Shoulder with Rising Volume and RSI
RCF : Head & Shoulder on weekly chart. Weekly Closing above 200 SMA.
Right Shoulder Bottom taking support on 50 SMA and bouncing back.
Rising RSI and Huge Volume bar.
Looks good for 25% upside.
CMP : 67
Target : 83
SL : 58
Almost 1:2 risk reward setup
Chart Only for Education Purpose
Right Shoulder Bottom taking support on 50 SMA and bouncing back.
Rising RSI and Huge Volume bar.
Looks good for 25% upside.
CMP : 67
Target : 83
SL : 58
Almost 1:2 risk reward setup
Chart Only for Education Purpose
Trade closed: target reached
Both Targets of 83 and 98 Achieved in 4 sessions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.