Updated
RELIANCE CAPITAL - BREAKOUT
On 16 th March, the stock went above the blue line and closed above the high made on 23 Sep 2016.
Givig a breakout with large volume.
After that it consolidated and now today, again has given a good upmove with volumes, breaking out of the latest high of 614 on 17th March ;
by making a high of 619 today but closed below the high at 610.
Keep this stock in watchlist for the coming days.
BharatFIn too showed similar strength today, maybe something's cooking in this sector.
Givig a breakout with large volume.
After that it consolidated and now today, again has given a good upmove with volumes, breaking out of the latest high of 614 on 17th March ;
by making a high of 619 today but closed below the high at 610.
Keep this stock in watchlist for the coming days.
BharatFIn too showed similar strength today, maybe something's cooking in this sector.
Note
Bouncing off the lines, again on the verge of breakout ...Note
Volumes and price range both decreasing. Reverse from 615 likely.Note
Or if it breaks out, then should go up another 5 %.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.