KathiravanR

Confluence of Trend Line, 200EMA(4H) and Weekly Support1 !

Long
NSE:RECLTD   REC LTD
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Price range 144 to 145 is going to act as a good support as it is a confluence of Weekly pivot support1, 200 EMA (4Hrs.) and the trend line . Any price movement withing this range can be a good buy! Any decisive close below this range can be considered as stop loss. The first target can be the weekly pivot near 149.5

Comments

Correction: Monthly support instead of Weekly support
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