NeeteshJain
Long

RECLTD - Undervalued

NSE:RECLTD   REC LTD
It has been observed that the price action is consolidating within a downward channel . Now, the price action has reached to the support zone and also touching the support of the downward diagonal. On such zone, buying can be seen which shall further move prices up.

As per my analysis, RECLTD is undervalued at current levels. It is providing good investment opportunity.

Trade Targets:
T1- 134
T2- 140
SL- 122

Investment Targets
T1- 150
T2- 175
SL- 115
Trade active
Comment: Valuation Facts:
PE: 4.90 (Below Industry Average)
Book Value: 188 (45% Discount)
P/BV: 0.68
Comment: Trading SL revised to 120 levels due to market volatility.
sir ,,,Stoploss @ 122 is on closing basis ???
Reply
@ksgullia, Due to market volatility, we could see sharp move up and down, therefore I shall be revising Stoploss to 120 levels, which is a major support on option chain as well as on charts. Thanks
Reply
now what again your trade idea failed ?? ha ha ,
Reply
ksgullia WaveTradersproGroup
@WaveTradersproGroup, before doing ha ha on anybody u shud think about your abilities & the person's ability on whom u r doing ha ha .. Cheap fellow...
Dont forget other recent calls of him like Biocon, Justdial , JswSteel ,,,all gave bumper profits ..ha ha
Reply
@ksgullia, Weak People Follow some idiot , and strong Knowledge follow own decision , its up to you to consider weather knowledge is important or following someone is important ,
+1 Reply
NeeteshJain WaveTradersproGroup
@WaveTradersproGroup, Sir, I don't claim to be 100% right all the time, neither I claim to be the best technical analyst. I'm here to share my experience, learn and add value to other's trading career if possible. Regards
+1 Reply
NeeteshJain WaveTradersproGroup
@WaveTradersproGroup, This idea was shared to indicate an undervalued stock after a healthy correction in the market. It is still active in all aspects. Thanks
Reply
Good Analysis Neetesh
+2 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out