RECLTD - BEARISH

RECLTD

The stock is trading in a rising channel. The prices are facing mild resistance from 20EMA.

Technical indicators are weak.

Sentiments
Buy 44 % Sell 56 %
Derivative Option OI
Maximum Call @100 (Resistance)
Maximum Put @85 (Support)

Once the channel is broken with Volume, we might see the prices moving swiftly from 86.5 to 85. If the 84.5 price point is also broken, next stop is 80.50.

Technical SL is 91.75. However, 20EMA might act as a reasonable resistance for prices tomorrow.

KEEP AN EYE !! #B-