REPCOHOME trade ideas
Repco home finance short and mid term viewIndicators 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.
Repco Home Finance To Break Out Of Downtrend Soon.Repco Home has been trading down for quite some time now. Down Trend line Breakout is yet to happen but Price Rate of Change has broken out of downtrend as you can see from the chart. I am expecting price will soon follow the Rate of change & would soon have a breakout, to climb higher.
buy ...bullish setupOnce break 658 enter your buy positions with the help of 1 hour time frame ...
target looks likely to be 700 or more...
SL according to your system RRR
Repco HomesStock Formed Hammer on 25th and is respecting 600 Handle
One can long if Todays High is broken at 620 with 595 as Stoploss
RSI has Turned into upward Trend too
Our Target is 38.2% retracement of Fibonacci which is at 698.88
RepcoHOME(680) -bounce from trendline supportStock managed to bounced from trend-line support of 620-600
keep watch on 660-650 level as support
REPCOHOME: Favourable Risk Reward Ratio.All mentioned & plotted on Chart.
Go LONG @ 632.30 (LTP at 1.12 pm)
Snapshot of Swing trade Levels will be updated Shortly.
Target & others detailed on Chart.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Snapshot of Intraday / Swing (2 - 4 days) Level.
REPCOHOME - Buys ZoneREPCOHOME has made morning star candle stick pattern on daily, one can buy for target of 735, 750 & 780. SL 680.
REPCOHOME: END of Correction.REPCOHOME: Reversal supported by Harmonic, Indicator, Candle Pattern
After completion of "AB = CD" (Here AB = CD, Ext FIB E 1.13.
NEXT in Correction phase, Point "B" treat as Strong support
& below that Short can be done.
Target is Point "C", & if Point "C" Breaks Retracement Level
may be "Phi" i.e. FIB E 1.414, even FIB E 1.618.
In last Trading day made a LOW @ 617.35, Near FIB E 1.414.
Some Financials (After Q2, 2017 - 18)
Basis Sales OPM NetP NetP Var% EPS PE
TTM: 1035.56, 91.54, 187.88, 18, 30.03, 21.11
Qly : 258.81, --, 45.16, 14, 30.03, 21.11
Go Long: LTP +0.75% & -0.75%
Short Term Target / Best BUY / SL: Plotted on Chart.
Intraday / Swing Target: Snapshot updated Later.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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Bounce from the Support zoneREPCOHOME 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.
REPCOHOME : REBUILDING CASTLES...Repco Home Finance has moved up & then retraced back heading into a sideways consolidation.
It looks like the Bollinger squeeze had given a classical Head Fake by moving lower & showing a false Breakout to the downside.
However RSI divergence indicates strong support at lower levels, indicating a counter move to the upside.
Go Long for the Targets of 804/832 with a SL of 730.
REPCOHOME: Last Leg of correction before strong Reversal.Technical indicators & oscillators Near U-Turn.
Some features Plotted on Chart.
LTP: @ 748.7
Go LONG: 40% here, 30% @ 740 & rest 30% @ 734
TARGET: @ 778, @ 799, @ 847 .....more on chart.
CORRECTION on CHART: TP5 (actual)= @ 873.5. (type mistake to @ 817.5)
SL: @ 721- (by closing)
Rest updated later.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Snapshot of Intraday levels will be updated Later.
Repco home_ good stock to bet onIt has been observed that repco homes is trading near the lower band of inclining channel. The stock fell significantly from upper band sharply but its fall is not justified by Volume. Stock declined with lighter volumes. Now stock trading near the lower band of inclining channel may attract buyers which can lead stock to 950-975 levels.
Does the magic repeat as 50 EMA trying to cross 200 EMA?50 EMA trying to cross 200 EMA is a bullish sign. Last time when it happened around May 20 2016, Repco ran from 635 to 900 in less than 3 months. Does the magic repeat?
Disc: Invested, sharing for educational purposes only and not a solicitation to buy or sell.
