NeeteshJain
Short

Rural Electrification (REC): Dipping Down

BSE:RECLTD   REC LIMITED
It is been observed on daily chart that the price action previously formed a long big red candlestick indicating seller dominance in the price action who are pushing the price down. Today, it is also observed that the price action opens up high but the seller dominance put the prices down again, indicating further bearishness and dipping of prices.

Target: 120
Target: 115

Stoploss:135
Trade active
Trade active
Trade closed: stop reached
finally the target is reached at 114.85
+1 Reply
NeeteshJain akshay.lakhina
@akshay.lakhina, Well followed, I really appreciate your feedback on it. Wish you the best. Regards
Reply
Hi Neetesh, currently this is near SL. Not breaking 134. Is it still good short?
+1 Reply
120 PE looks Good now...
Reply
thank you sir
+1 Reply
sir Can i sort this stock now?
+1 Reply
@ashokm81, Yes, once it closes below 125 levels. Regards
Reply
Can i sort this stock now?
Reply
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