This is only for education purpose only. Please check your own analysis before you take a trade
My personal view on NSE:RHIM . Breaks a major resistance. Will long for target of 731 My stop loss will be 630 Note: This is my personal view, only for learning
as per weekly chart we have a price target of 680-90 . Expecting bonus this year as since listing this might be its first bonus after listing UNDER RHIM Group
NSE:NIFTY_TOTAL_MKT NSE:RHIM are we looking for a Bull cycle ahead, A new wave unfolding to upside!
head and shoulder breakout and wave count suggest 2 nd wave is over and 3rd wave target of 649 min with low equity in hands of public this multinational script to soars to newer highs quite possible a bonus might be on the cards and some news/ rumor of merger of one big company in RHI .
So many stocks gave breakdowns. RHIM, MNC company also gave a breakdown from h&s pattern. RHIM is the world leader in refractories and their plan is to make India as their manufacturing and export hub, Keep this in your watch list, 350-380 would be an excellent purchase price. Stock price has potential to double from that level in 2-3 years.
if the price breaks below the support TL, then the next price target is 460
after completing 5th wave we have completed A wave at 515 and presently we are in B wave maximum trg of 581-82. sell on rise as we have C wave comming which might target 400 odd rupees
NON LOG CHART: Weekly TF, Strong Rejection, potential support at 500
likely target of 5th wave 633, 45.54 and we are near to it. RSI OF 93 in weekly chart shows script to be highly overbought and shareholder number falling drastically due to which liquidity squeeze makes the price of share to rise, value of share is stretched selling is advised on rally tomorrow it might make a a hanging man .
it is in a strong uptrend and we have a third wave target of 627or 633 or 637 let us see which target is hit tomorrow .sell on rally as RSI in weekly chart is above 80 and stock looks ripe for decent correction after rally ATR 56 means high volitility ultimate oscillator also overbought. Public holding in stock is only 36600 person holding 30 % as of DEC21.
RHIM showing strength and can give a breakout in a week or two above 560 strong
RHIM looks unaffected by market down move. Started a nice move up
RHIM Seems unaffected by the market blood bath. Looks ready for a rally
RHIMagnestia India ltd earlier known as Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products. KEY POINTS Revenue...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
trend line resistance at 435-40 level distribution at higher level sets in sell at present level to enter at 410-15 level
RHIM NSE is bullish if 394 holds CMP 428. New LifeTime High. Fresh Breakout. Positive Trend. ***** Educational purpose only. Not Buy/Sell Recommendtion. NSE:RHIM