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Price and trend forecast of RCF for Tomorrow, Weekly, Monthly

Rashtriya Chemicals and Fertilizers Limited

Symbol: NSE:RCF

ISIN: INE027A01015

163.80

As on 2024-05-27

101.15 (52W Low) 188.00 (52W High)

RCF's Today's Performance

Rashtriya Chemicals and Fertilizers Limited started the day by opening at 159.40 today 2024-05-27. Its shares reached a high of 169.40 and dipped to a low of 159.00 in intraday. When the markets closed, RCF’s stock price settled at ₹163.80 per share. Also check out its key support and resistance levels.

RCF Buy/Sell Targets

Tomorrow, buy RCF when its price reaches ₹ 163.80 with a stop-loss order at ₹ 158.78. You can set the target price as ₹ 168.82 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of RCF for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for RCF

Downside Targets Value in ₹
Tomorrow Down Target 1 169
Tomorrow Down Target 2 174
Tomorrow Down Target 3 180

Important Levels for RCF

Holding Levels Value in ₹
Tomorrow Up Target 1 159
Tomorrow Up Target 2 154
Tomorrow Up Target 3 148
Based on where the stock opens tomorrow, if RCF opens on a positive note, our first target will be ₹169. If Target 1 is achieved, we will aim for Target 2 which is ₹174.

But if RCF falls below the average value of ₹164.07, you can enter a sell side position with target number 1 - ₹159 and second target - ₹154 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of RCF

Looking at RCF, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, RCF has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for RCF is strong bullish.

Tomorrow's Volume based share price Forecast for RCF

RCF's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 154%.

Reversal detection for RCF

Predicted trend chart of RCF tomorrow for price forecast
RCF may trend may continue to be bullish since stock is making higher highs and we can get target of ₹155 in morning tomorrow
Target 1 tomorrow168
Target 2 tomorrow170
Target 3 tomorrow174
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with RCF's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if RCF opens on a positive note, our first target will be ₹169.13. If Target 1 is achieved, we will aim for Target 2 which is ₹174.47.

But if RCF falls below the average value of ₹164.07, you can enter a sell side position with target number 1 - ₹158.73 and second target - ₹153.67

RCF's Weekly Targets
1st Up Target 169.13
2nd Up Target 174.47
1st Down Target 158.73
2nd Down Target 153.67

As the week for RCF ended on bullish sentiments, we can expect further continuation of this sentiment. RCF's initial target will be 169.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 158.73 in the upcoming week.

Weekly OHLC Values
Open 159.40
High 169.40
Low 159.00
Close 163.80

Week for RCF started with an open price of 159.40, and the close was at 163.80. RCF reached the highest of 169.40 and dipped lowest up to 159.00 last week. This indicates a bullish sentiment for the week.

RCF full month swing targets
Monthly Up Target 1 179.53
Monthly Up Target 2 184.87
Monthly Down Target 1 148.33
Monthly Down Target 2 132.87

Targets of ₹179.53 can be expected to be reached in the coming month. Once RCF achieved this target, we can aim for the next upside target of ₹184.87.

RCF if fails to hold upside, down targets of ₹148.33 and ₹132.87 can be achieved by end of this month.

For complete three weeks if RCF is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

RCF is expected to reach the target of 169.13 in tomorrow's trading session.

After achieving the initial target in RCF, we will aim for higher targets of 174.47 tomorrow.

However, if RCF starts to trade below ₹164.07, then we will shift our focus to the sell side and aim for down targets of 158.73 and 153.67.