KathiravanR

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

Long
NSE:RECLTD   REC LTD
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.