NeeteshJain

Rural Electrification (REC): Dipping Down

Short
NeeteshJain Pro+ Updated   
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
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