Investors with a short-term horizon can sell the stock of Repco Home Finance at current levels of ₹383.8. The stock has been in a long term downtrend since encounter a key resistance at ₹900 in June 2017. After a corrective up-move, the stock encountered a key resistance at around ₹475 in March 2019 and resumed the downtrend triggered by negative divergence in the daily indicators. Since then, the stock has been in a medium-term downtrend.
The short-term outlook is bearish for the stock. Targets are ₹368 and ₹360. Traders can sell with a stop-loss at ₹392.
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