REC
A decade long consolidation likely to break.
On valuation front: the PSU is undervalued with PEG of 0.36 and 0.63 times book value.
Technically
On Monthly charts H&S pattern formation happening breakout will likely to take the stock to 195 as T1
Decade range breakout will have T2 which can take the stock to 225
CMF Shows accumulation forming in the stock and thus volume breakout likely
A decade long consolidation likely to break.
On valuation front: the PSU is undervalued with PEG of 0.36 and 0.63 times book value.
Technically
On Monthly charts H&S pattern formation happening breakout will likely to take the stock to 195 as T1
Decade range breakout will have T2 which can take the stock to 225
CMF Shows accumulation forming in the stock and thus volume breakout likely
Trade closed: target reached:
REC from 185 to 410.. 3X returns generated