Yes,

There seems to be lack of such details on the Internet. All articles I came across were manipulating Windows registry in order to redirect the location of “C:\Users” folder.

Only this article mentioned the solution I wanted
https://www.easeus.com/pc-transfer/move-users-folder-to-another-drive-windows-10.html

Now, basically as it suggested, create a symbolic link of the folder. If you don’t know about symbolic links, please google it.
You’ll need to perform the following steps from another administrator account on the same computer, and make sure the targeted user is signed out, or even better you have fresh OS boot before you start these steps.

So first step is to create a new folder in the new location/path and assign the right permissions (usually full control for the profile owner, the system, and the local administrators group).

Second step, move all contents from old location to the new location. Probably you will not be able to move the symbolic links inside the profile’s folder. Don’t worry, we will re-create them.

Third step, rename the old profile folder (something like MyAccount ==> MyAccount.old).

Fourth step, create link to new location using the old name. To do that, open command line in elevated mode (click on start, type “cmd”, right click on “Command Prompt”, select “Run As Administrator”) and then execute the following command:
mklink /D “Name of old folder” “Full or relative path to new location and folder”
Example:
mklink /D “MyAccount” “E:\Encrypted Folder\MyNewProfileFolder”

Now, what is remaining is the symbolic links inside the profile by navigating to the new location, then execute the following commands based on path

Under Documents folder:
mklink /J “My Music” E:\Encrypted Folder\MyNewProfileFolder\Music
mklink /J “My Pictures” E:\Encrypted Folder\MyNewProfileFolder\Pictures
mklink /J “My Videos” E:\Encrypted Folder\MyNewProfileFolder\Videos

Under profile folder root:
mklink /J “Application Data” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming”
mklink /J “Cookies” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Local\Microsoft\Windows\INetCookies”
mklink /J “Local Settings” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Local”
mklink /J “My Documents” “E:\Encrypted Folder\MyNewProfileFolder\Documents”
mklink /J “NetHood” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming\Microsoft\Windows\Network Shortcuts”
mklink /J “PrintHood” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming\Microsoft\Windows\Printer Shortcuts”
mklink /J “Recent” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming\Microsoft\Windows\Recent”
mklink /J “SendTo” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming\Microsoft\Windows\SendTo”
mklink /J “Start Menu” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming\Microsoft\Windows\Start Menu”
mklink /J “Templates” “E:\Encrypted Folder\MyNewProfileFolder\AppData\Roaming\Microsoft\Windows\Templates”

Of course, you need to replace values as need on your computer.
HTH,