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
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Comment
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Valuation Facts: PE: 4.90 (Below Industry Average) Book Value: 188 (45% Discount) P/BV: 0.68
Comment
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Trading SL revised to 120 levels due to market volatility.
@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
WaveTradersproGroup
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now what again your trade idea failed ?? ha ha ,
ksgullia
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@Kimara, 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
WaveTradersproGroup
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@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 ,
NeeteshJain
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@Kimara, 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
NeeteshJain
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@Kimara, This idea was shared to indicate an undervalued stock after a healthy correction in the market. It is still active in all aspects. Thanks