RCF has given a fresh breakout from consolidation phase with very heavy volumes visible in lower(15 min) time frame. It might be a news based move too.
This stock is looking very bullish as per technical analysis for a target of 100 (which is its 52 week high) in short term. Above that, the stock can fly.
Also, as this is a PSU stock with good fundamentals & dividend yield of around 3.4% at CMP as also considering the annual changes in government policies regarding subsidiaries to these Fertilizer stocks, it looks good bet for long term too.
This is just my personal opinion and just for educational purposes.
This stock is looking very bullish as per technical analysis for a target of 100 (which is its 52 week high) in short term. Above that, the stock can fly.
Also, as this is a PSU stock with good fundamentals & dividend yield of around 3.4% at CMP as also considering the annual changes in government policies regarding subsidiaries to these Fertilizer stocks, it looks good bet for long term too.
This is just my personal opinion and just for educational purposes.
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