Repco Finance has formed a classic triple bottom pattern that broke last week very well! The chart explains it all quite well :)
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.
Long Repcohome check chart for details
Keep accumulating till 520 First target 625 Above 625 TP=700-755 If scenarios are extremely and 755 crossed, longterm TP=950
Short Repcohome see chart for details
Enter Short in REPCOHOME below 605 Target - 600, 596 & 588 Sl - 616
Fibonacci retrenchment of Repco Home, 1st Target 624 2nd 650+
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. Targets& stoploss: Mentioned in the graph Vijayaraghavan, Kovilpatti.
REPCOHOME stock price action bounced from the strong support zone 735 ready for the target of 900+ stop loss below 710. viewers can find +ve RSI divergence.