Reliance Home Finance Ltd.
No trades
No trades
In-depth trading ideas
RHFLStock name = Reliance Home Finance Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
RHFL - Time to accumulateRHFL
CMP 68.50
TARGET 82
STOP 57
1) Price structure has a sort of H&S pattern suggesting reversal of trend.
2) Price has broken past the resistance zone of 65-67 with heavy volumes.
3) Serious buying with heavy volumes observed in few trading sessions during the consolidation zone (51-67) in the past one month.
4) Price pattern also has a RdB structure with the right leg of RdB beginning to take place.
5) Stock performing better than the overall broader index as seen from relative strength ind





