amankavi
Long

Rural Electrification - reversal could be on cards

NSE:RECLTD   REC LTD
112 views
3
112 0
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
Jun 16
Trade active
Jul 14
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

Aug 03
Trade active: Spinning top seen at the bottom of bearish trend on daily charts..Will see for next optimistic reversal move

Aug 03
Comment: Have changed resistance target and support level accordingly as per current trends
Aug 26
Trade 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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