DSKF16
Long

RECLTD Possible U-Turn.

NSE:RECLTD   REC LTD
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7
152 5
RECLTD: @ 189.9,
#1 Trading in ICHIMOKU Cloud .
#2 Volume much LOW Compare to 20 day AVG             .
#3 Taking Support Long Trend Line .
#4 Retraced more than 23.6%
#5 Maximum Technical Parameters are OverSOLD.

LONG For Intra / Swing TGT:
@ 192.58
193.3, @ 194.2, @ 195.3, @ 198.4
Many more Plotted in Chart for Short term.

More Accumulating Level:
@ 187.3, @ 185.7 - @ 184.5 (BOUNCE ZONE)
SL: 181.4- (Better By Closing)
Study Purpose Only.
Consult Broker / Financial Advisor Before taking Trade Decision.

PS: Please Like/share & keep motivated, If you like Ideas/Analysis, . For any queries, please feel free to COMMENT. Thank you.
It looks like you're trading in Ichimoku but I don't see any Ichimoku signal provided by the chart or your description. All the signal are volume/RSI/other indicators. Help me understand if I'm wrong. Like to learn
Reply
DSKF16 anuragcoma15
@anuragcoma15, Except Last 3 Candle in ICHIMOKU cloud, no clear signal from Tenken (Conversion Line) & Kijun (Base Line) bullish property.
so, i mentioned only ICHIMOKU Cloud, act as Supporting Indicator.
Reply
DSKF16 anuragcoma15
@anuragcoma15, In Ichimoku "TENKEN i.e. Conversion Line" Flat at 194.72 (09/06/2017) since last 3 day+, after Dipping from 217.82 (18/05/2017),
Same in "KIJUN i.e. Base Line" flat at 201.68 (09/06/2017) since last 9 days, after Dipping from 210.18 (26/05/2017, Bearish crossover).
Also there is "NR7" Pattern Breakout.
I think @ 183.40 (in Cash) & @ 184.50 (in FUTURE) will be Crucial, before recent Low @ 179.45.

Reply
@DSKF16, thanks for this! I didn't know about NR7. So learnt something new today :)
Reply
DSKF16 anuragcoma15
@anuragcoma15, Thanks.
Reply
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