CMP: 432
Sell either below 437-442 or on rise around 450-470;
TGT: 414*-402-384 (1-3M)
TSL > 480
Sell either below 437-442 or on rise around 450-470;
TGT: 414*-402-384 (1-3M)
TSL > 480
Note: Consecutive closing above 480 for any reason, R-Capital may further rally up to 500-515-535 & 580-605 and further to 652-670 in the medium to long term.
R-Capital is another story of deleveraging in 2015 and consecutively since late Aug'15, it rallied almost 75%.
Considering all the positive news flows including Insurance Bill (FDI) last year and price action on the scrip, 450-470 may be a stiff resistance zone for the scrip. It may come down again to 414-402 level, if it fails to sustain above this zone and one may accumulate the same from around 400 level for better risk reward ratio.
To be cont for more news and analytics input---
Analytical Charts:
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