SmellTheCheese - SmelltheCheese to see if its is Getting Old

Dear all,

Rastriya Chemicals  is in the midst of a super-rerating . The stock is burning the charts everyday . In fact i was watching the stock for a possible development of a pennant . In fact after an upmove it gave a small bar signalling the start of pennant formation . But on Saturday it has moved further thus suggesting a breakout from pennant (One bar pennant) . One bar pennants are very rare phenomenons , but do occur once in a while. Personally this is the 3 rd time am seeing this in the 100 pennants which i have seen.

Rastriya Chemicals BUY

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Entry Prices ->> 54-59

Target Prices ->> 70-74

Stoploss ->> 51-52

Risk To Reward Ratio->> 1:4

This transaction in FNO spaces makes for s mouth water risk to reward ratios… I donno whats the fundamental reason but the stock is undergoing a serious re-rating …

Avinash MB