REC LTDLong
Rural Electrification - reversal could be on cards
Updated
The scrip has taken sharp correction with sharp sell-off created a MACD bearish crossover with RSI (oversold) from support level
Bulls could be able to take the ride for now after consolidation
Company with strong fundamentals and also (Price to book value: 1.06)
TP = 206,210,223 (nearing to 52 week high)
Call - 20-40 days
Bulls could be able to take the ride for now after consolidation
Company with strong fundamentals and also (Price to book value: 1.06)
TP = 206,210,223 (nearing to 52 week high)
Call - 20-40 days
Trade active
Trade active
Bullish flag pattern can be seen. Can show continuous uptrend after breakout with price target of size of flag pole%william also showing uptrend
Trade active
Spinning top seen at the bottom of bearish trend on daily charts..Will see for next optimistic reversal moveNote
Have changed resistance target and support level accordingly as per current trendsTrade active
The scrip will need to importantly cross the support of 167 which has now become resistance in order to begin its bullish journey
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