Accumulate Repco Home Finance, target Rs 471: Shitij Gandhi

Shitij Gandhi

Repco Home Finance has given breakout, after a prolonged consolidation of more than two weeks along with price rising above its 100 days exponential moving average on a daily interval.

On the broader structure as well the stock is also building up a “W” pattern on the technical ground which is again a bullish signal. So, traders can accumulate the stock in a range of Rs 420-430 for the upside target of Rs 471 levels and a stop loss below Rs 390.