Chart Check: RCF retreats from record highs but holding strong above breakout from Ascending Triangle pattern

October 31, 2023

The stock hit a 52-week high of Rs 145.70 on 18 October 2023, but it failed to hold on to the momentum and corrected in line with the broader markets. The stock fell more than 9% in a week compared to about 1% fall seen in the Nifty50.

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