REC LTDLong
REC Ltd. Go LONG Bullish
Hi All,
This is the first time I am publishing the chart in my life.
REC on a weekly basis is going strong, the view here is go LONG for a target of 169 and 184 in next few trading sessions, if one has an appetite to HOLD then it can give you the target of 224.
Also it has to sustain the level of 150 strongly to move forward
Price Closed on 18th Feb 2021 : 154.21 (NSE)
RSI on Monthly basis : 60.18
RSI on Weekly basis : 73.29
RSI on Daily basis : 68.39
Strong accumulation is done between 100-135 levels. I am positive on it.
Hope you like my analysis.
Feel free to Like | Comment | Share..
Best of Luck !!
This is the first time I am publishing the chart in my life.
REC on a weekly basis is going strong, the view here is go LONG for a target of 169 and 184 in next few trading sessions, if one has an appetite to HOLD then it can give you the target of 224.
Also it has to sustain the level of 150 strongly to move forward
Price Closed on 18th Feb 2021 : 154.21 (NSE)
RSI on Monthly basis : 60.18
RSI on Weekly basis : 73.29
RSI on Daily basis : 68.39
Strong accumulation is done between 100-135 levels. I am positive on it.
Hope you like my analysis.
Feel free to Like | Comment | Share..
Best of Luck !!
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