shiv2798

REC Long & Short

NSE:RECLTD   REC LTD
118 views
1
118 6
I am looking to join the Part ,so i will go long with stop 186 till 215 then Looking to sell at 215 with stop of 225 for Target of 165
I am going to trade in Feature which is 6000 Qty lot , lets see what happens on Monday
Again this information is only for educational not to be taken as advise , trading feature involves high risk/ reward
Regards
Trade active: Short trade active ,
Comment: Made Day target of 190 to 187 3 Point , Now its turning towards up ward
Lets Party
There is some error on this chart , Today is red candle but its showing green in above chart .
Have a look below.

Reply
shiv2798 neneram
@neneram, Yes sir its error , I know because of data issue it happens , Yes its red , i still know because i checked with my broker software it was showing red but price closed narrow range of 1 tick, that is open was 192 and close was 189.95 so some time software do not pick the proper information and some will get correct to nearest value , so the price closed -0.05 it should be doji , but still it is showing very range candle , data error i can say
Reply
shiv2798 neneram
@neneram, sorry open was 192 and close was 189.95 its bearish i am sorry i was watching some thing else while typing sorry again
Reply
shiv2798 neneram
@neneram, i still doubt the price will hold this level in coming week , because of bearish sentiment in Nifty and profit booking is going on , but i just posted it so if price makes another move up , which we call as counter trend then it may not go beyond 215 so lets see what will happen on Monday
Reply
nalinakshi shiv2798
@shiv2798, i happenned to see the price action on the chart, it has poked to the level of 19 and price has pushed back, now the true support for the present exists at189, price action will furthur confirm, as per your analysis it may retrace back first to the level of 205 and then the story unfolds.
Reply
shiv2798 nalinakshi
@nalinakshi, yes madam I too have a same view
Regards
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