#Long on REC Ltd (Inverted H & S pattern formed)
REC ltd touched an ATH of 168.05 on 3rd May 2017. Since, it has been correcting and rising, thereby forming an inverted H & S pattern on daily chart.
An entry after a close above 126.5 is recommended for assigned targets of 138 and then 165.
A stop Loss of 116 on daily closing basis is recommended.
An entry after a close above 126.5 is recommended for assigned targets of 138 and then 165.
A stop Loss of 116 on daily closing basis is recommended.
Note
REC hit intraday high of 138.40 on 2nd May 2023. Target 1 achieved!!!!!!
Note
Target 2 achieved on 21-06-2023 !! 33% return from recommended Entry Price within 2 months.
Note
As predicted the stock surpassed its last ALL TIME HIGH to reach a new ATH of 169.50
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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.