Buy RELCAPITAL between 525-540. We can clearly see a strong region of support and it happens to be a conjunction of trend line support and 200 day SMA. T1: 570 T2: 610 T3: 650 T4: 700 SL: 495
RELCAPITAL crashed down after a good 3 month up movement.NOw its retesting the possible resistance turned support level. Also its a 618 FIB level on the neckline to bounce back or breakdown from.
RELCAPITAL is moving in a long time up channel all of 2017. Curently on the edge of it, for a breakdown or reversal as usual.
Script - Relcap Pattern - Ascending Triangle Breakout - Long Trend - Neutral Trade: Position - Long Entry - above 813 Exit - 846 Stop loss - 790
Stock witnessed a sharp fall from the top (700) to 38.6 % Fib Level (543) and then Bounced back to 23.1 % Fib Level (600) One can go long in the stock at 600 with Stop loss of Latest Swing low (582) with a target of 690.
Possible breakdown since trend-line/ Support breakdown observed. Sell Below 598 Tgt:580 SL: 608
NSE:RELCAPITAL 1.55% Has been trending Downwards and had took the pull back for such an impulse move forming a bearish Flag ...now looking at those level where it pulled back their MUST need HUGE..HUGE Buying Power to Cross These 5 Resistances: 1. 20 EMA 2. 50 EMA 3. Trendlines 4. 38.2 Fib level 5. Formal Resistance IF it Find Resistance Near those levels...
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...
Relcapital has formed Rectangle channel. It is currently sitting on the resistance line. Long can be initiated with Green line as target.