REC LTD (S below 107.75 TGT 104.85 TSL 111.75)

REC LTD (S below 107.75 TGT 104.85 TSL 111.75)

#RECLTD broke the trendline on the downside and the prices trended sideways for the entire day.

RSI is at 40-level and is BEARISH.
TT2 tool is bearish as well.

I am expecting the prices to take support from the trendline and move downwards.

Wait for the prices to break today's low of 108. Once broken, look for a sell below 107.75. The next major resistances on the chart are 104.85 & 102.15.
Support is 111.60.

KEEP AN EYE!!

***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.