RHI Magnesita
CMP 626
However good a stock may be, however good future potential may be,howsoever good the story may be…the price would always move in cycles.
Well, it seems to be in correction zone. Writing was on the wall when it broke its rising channel that it was following since the lows of 2020.
Currently it was bouncing back in “b” …not sure whether the ‘b’ is over.
Level of C would depend upon the level where ‘b’ ends.
Let’s waith and watch.
Weekly Chart.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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