Relcapital: 460-470 may be a big hurdle despite foray into ARC business-----

Trading idea:Rel Capital

CMP: 443

Sell around 460-470 OR on rise around 485-495;

TGT: 430-419*-403-390*-375-365*-348-325* (1-3/6M)

TSL> 475 OR > 500

Note: Sustaining above 475, RCL may further rally towards 485-495 zone, which should offer strong technical resistance and only consecutive closing (3 days) above 500 zone for any reason, it may rally towards 525-565*-620 & 670-705-725* in the near to long term (alternative bullish case scenario from the present trading level).

Anyone, holding long position in the counter and continue to do so, may also watch 430-419* zone as a near term positional support area.

To be updated more----

Analytical Charts: