dravya

RELIANCE CAPITAL - BREAKOUT

NSE:RELCAPITAL   RELIANCE CAPITAL
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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.
Comment: Bouncing off the lines, again on the verge of breakout ...
Comment: Volumes and price range both decreasing. Reverse from 615 likely.
Comment: Or if it breaks out, then should go up another 5 %.

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