REC potential Channel trade play...!!!

REC
CMP 108.40

The stock is trading in a channel. Support at 100 odd levels. Target zone around 130 odd levels.

Can be looked as a buying opportunity at CMP and on dips towards 104.50 for Target of 122/130/144

Stop loss if trades below 98 on closing basis

Take care and safe trading...!!!

Trade active:

REC
CMP 104.75
Trade active

Trade active:

REC
CMP 137.55
Seen the cadbury shot ad (mann mein laddu phoota)

Feeling same today... :-)

REC is up more than 30% since recommendation at 104.75 levels (mann mein laddu phoota...) and now it announces a dividend payout of Rs 11/- per share. (Ek aur laddu phoota...)

Enjoy...!!!