REPCOHOME trade ideas
REPCOHOME Short TradeShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Good Housing Finance Companies (HFCs) are in limelight With Government's focus on affordable housing and "housing for all by 2022", have put HFCs in good position .
Will be keeping this stock for long term based on fundamentals. Maintaining CBSL.
REPCO HOME - INTERESTINGTHERE IS AN INTERESTING OBSERVATION ON THE CHARTS.
EVERY TIME, SAME SUPPORT PRICE (RS. 308.5) BUT, EACH TIME A NEW HIGH IS OBSERVED FROM THE SUPPORT LINE.
SO, WILL REPCO REPEAT THE SAME?? AND REACH THE SUPPORT LINE?
MY OBSERVATION OF WEEKLY CHARTS SHOWS OTHERWISE. THE FALL MAY BE UPTO 396.
REPCOHOME Short TradeShort if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Grow with RepcoRepco Home Finance is flexing it's muscle since the start of this month and it touched it's resistance line first at Rs. 474 and then at Rs. 482 in March. If Repco Home breaks it's resistance line and closes above it then it can go much higher. It's a very good company among other housing finance names with a compounded annual sales growth of nearly 31% in last 10 years and a compounded profit growth of nearly 30% in last 10 years. Average return on equity in last 10 years has been 17% and is available at a PE of 12.3 on trailing twelve month basis. So both fundamentally and technically it can be a good bet. If it closes above 474 then it could be bought with a stop loss at Rs. 433. Happy Investing :)
RepcoHomeProbable wave count, High and Tight Flag pattern, 200 DMA. Triple Bottom pattern propelled the price towards 200 DMA. 3rd impulsive seems done at 200 DMA. A High and Tight Flag is forming in consolidation. Breakout above 200 DMA and the Flag resistance will take price towards 480-500.
Repco facing resistance at trend line...so it's could be a good So it's could be a good shorting candidate...RSI is also supporting weakness
[Positional] Repco Home Channel BetWe are already having a short trade. Let's short more in over lot.
Also, bring the stop-loss lower!
This company has shot up 35.6% this month which is highest of any FNO stock. It has to retrace to some extent!
REPCOHOME Outside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
[Intraday] Weekend lvl 9 REPCOHOMEHas been rising the past 9 days, with the a red candle today
Short only if it breaks the low of the previous day with a stop loss at the previous day's high
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
PDH 472.9
PDL 455.2
REPCOHOME Double Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
REPCOHOME Breakout Levels (Long/Short)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.
Probable Head and shoulder - Sell REPCOHOMESell REPCOHOME if it drops below 435
TGT 1 - 418
TGT 2 - 400
TGT 3 - 385
SL - 479
Triple bottom pattern on Repco Finance Weekly!Repco Finance has formed a classic triple bottom pattern that broke last week very well!
The chart explains it all quite well :)
REPCOHOMEREPCOHOME will hit the upper trendline and reverse.
Today's close : 431.65
Tg : 443, 458
SL : 415
REPCO HOMESLEVELS ON CHART
B = BUY ABOVE
S = SELL BELOW
T = TARGET
BOOK 70% ON FIRST TARGET REST TRAIL
