Note: This is for educational purpose only.
There seems to be a bullish triangle breakout in weekly TF (timeframe) with Ultra high volume. Moreover, there seems to be a breakout in RSI as well. RSI above 60 indicates bullish momentum.
REPCOHOME FINANCE: Holds 2 Days Inside Bar in 1D chart.
Important levels are 440 and 460.
If it opens on 11 March between these levels, then trade at the breakout of these 2 levels.
For short keep SL at 460. And for Long positions keep SL at 440.
REPCOHOME is a sell on NSE as its been sold off with volumes greater than 4 times its average. and is Below ichimoku kumo.
SELL AT 352.45
Stop Loss 362.45
Target of 316
I am not a SEBI Registered Technical analyst. Please consult your financial adviser before investing. This call may be taken based on today's close of REPCOHOME.
Indicators are slowly turning to bullish trend. Already triangle breakout done, Macd crossover also going to happen so can expect the further upmove on this stock.
Mentioned in the graph