RCF – Compression Near Breakout Zone. Will ₹160 Unleash Momentum?

Those Who Where Asking for Fertilizer Stock Suggestion

is showing early signs of momentum!” Strong base, and a clean structure — this setup demands attention. Stock is forming a sideways consolidation between ₹155–₹159 over the past few session. Multiple Rejections near ₹159.50–₹160: This zone is acting as a key short-term resistance, tested 4–5 times and still holding. Slight bullish bias visible as price is respecting higher lows around ₹155–₹156 zone. Wick Rejections near ₹160 Suggests supply, but also signals that bulls are attempting to absorb it. Once ₹160 is decisively taken out on volume, we may see a quick move towards ₹163.50–₹166.50 (Previous swing high from June 11 visible around ₹166.50) RCF is forming a tight consolidation near the neckline of ₹160. A breakout above this level could trigger a momentum move toward ₹166. Keep watch for volume confirmation.