REPCO HOME FIN LTD

NSE

REPCOHOME

* Taking support from the base of Huge mother candle(Highest put OI as well) * Formed IB today * Long on PDH with PDL as SL

Long REPCOHOME Positional

Refer chart

Great move out.

Sell below 397 with the stop loss of 400. Targets are 394, 391 & 388. Buy above 403 with the stop loss of 400. Targets are 406, 409 & 412.

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.

Levels mentioned in the chart!

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.

THERE 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.

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.

Repco 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...

...Levels mentioned in the chart

TGT 1 - 420 TGT 2 - 405 TGT 3 - 390 SL - 480

Probable 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.

So it's could be a good shorting candidate...RSI is also supporting weakness

We 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!

entry 450 target 445,440,435 sl 461

Long 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...