breakout seen on weekly chart with good volume
momentum is good.
as there is momentum in Housing Finance sector. this may also quickly reach next resistance .i.e 480.
Previous all tgt achieved. from 268 to 346.
REPCOHOME : cmp: 369.65
After some long consolidation its trying to break out.
A channel Bo possible above 380.
TGT 421/444/477
Sl 332 clbs
Disclaimer: Ideas for learning Only.
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cmp 366
the stock has formed a typical classic cup and handle pattern
break even price placed at 365
this week it had a breakout above 365 and made 380+ and has retested the same .
now again the stock has a volume breakout in price buy
for targets 414/444/486+ short term 2 months time frame
550/592/624+ aggressive max targets (6 to 8 months...
Stock stuck in channel from early November and on 18 feb stock gets much volume break the channel but not sustain so keep falling to the lower base of the channel.
Then again train continue to upward.
when stock fall from 19 Feb. to 13 April its form a Flags and stock break the flags on 22 April with very low volume.
Now stock stuck in range from 348 to 328.
so...
REPCOHOME is creating a flag breakout pattern. Buying at current level can give anything above 357. A similar pattern was identified in HEG LTD and that went huge. Recommendation is to go long with a SL of 323 and target 357+.
REPCOHOME : CMP ::268.35
A Parallel channel Breakout could be possible above 270.45.
Good chart setup. so keep an eye here.
TGT 306.65/346
TGT could be 486 or almost doble from here for 6-9 months time horizon.
Accumulation zone : 241-268
Keep on radar APLLTD,ADANIGREEN,Nilkamal,Eclerx ....etc follow the link.......
Disclaimer: Ideas for learning Only.
Learn...
Note: This is for educational purpose only.
There seems to be a bullish triangle breakout in weekly TF (timeframe) with Ultra high volume. Moreover, there seems to be a breakout in RSI as well. RSI above 60 indicates bullish momentum.
