amankavi
Long

Recl : Consolidation breakout

NSE:RECLTD   REC LTD
Scrip had been trading in a channel or consolidation phase since 87 days (3 months approx.) with two reaction lows and highs and managed to breakout from trendline , now to breakout from consolidation channel with higher volume surge aiming towards TP as mentioned..

Profit book can be done around Fib 0.618 (200)

MACD also showing the way

Have already stayed invested with the scrip

SL as per risk appetite
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