RHFL- SG it works - VCP monthly VCP suja 1RHFL- SG it works - VCP monthly VCP suja 1
1) Pattern seems consolidating on Positive side
2) Positive news
3) Lets see
RHFL trade 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.
RHFLRHFL stock has break out from triangular pattern and retested it. we can see the big move in this stock
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 indicator which is sloping upwards and which also has given a breakout, indicating big money going flowing into this stock.
6) RSI has given a breakout. Indicates momentum building up.
