MOMENTUM TRADE IN REPCO HOME FIN
VIEW:-
BEARISH TRENDLINE WAS BROKEN ON DAILY AND WEEKLY CHART
MACD POSITIVE CROSSOVER
50-DMA CROSSOVER
TRADE IN SPOT
BUY@307
STOP@297
TARGET@325
QTY:PER YOUR CHOICE
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.
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...
Repco Home Finance Ltd. is a housing finance company, which engages in the provision of long term loan financing for acquisition and construction of residential purposes. Its products include rural home, plot, prosperity, and home makeover loans. The company was founded on April 4, 2000 and is headquartered in Chennai, India.
REPCOHOME
