RKFORGE Rectangle Consolidation Breakout

2021년 5월 10일

#RKFORGE CMP 618

Stop Loss below 560
Multiple resistances broken in the range of 610 to 615
Breaking out of 4 month long rectangle consolidation/formation
Nice volume spurt
Positive breakout

May fire for an upside of 22% considering the rectangle mouth length

Disclaimer -

- The view expressed here are my personal views. I am publishing this for my own records and what I see on charts.
- If you're referring to this, please consider this ONLY FOR educational & research purposes.
- Past performance is not a guarantee for future predictions
- Any decision you take, you need to take responsibility for the same. DO NOT consider this as an investment suggestion.
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- Do your own analysis and consult your financial advisor before investing.

TIA!

2021년 6월 2일

액티브 트레이드

Moving as per expectations. Post breakout, it did the retest and respecting 20 day EMA. I feel there is still some up-moves to come in this scrip

2021년 6월 28일

액티브 트레이드

Good consolidation happening. An upmove may come post 670 levels