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rashtriya chemicals & fertilizers share price: Chart Check: RCF retreats from record highs but holding strong above breakout from Ascending Triangle pattern

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.
Kiran Jani Head Of Technical Research At Jainam Broking Rashtriya Chemicals Fertilizers Ltd Rashtriya Chemicals Fertilizers Ltd Ascending Triangle

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How the markets will fare this week

The US Federal Reserves interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yiel...
United Kingdom Santosh Meena Uttam Ghosh Rediff Prashanth Tapse Ajit Mishra Arvinder Singh Nanda
Source: rediff.com

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