HarshShivlani
Long

REC Elliott

NSE:RECLTD   REC LTD
Long if it goes above 225-230's for given targets around 1.618 -2.618 of wave 1.

My Elliot is not very strong yet so please correct me if I'm wrong in the wave count.
Thanks.

Comments

Count is good! Once it make bottom out it seems to be bound back strongly around RS.225
Reply
@Bharatc, Thanks. So the buy should be on the breakout of the wave 3 high here right? Or as soon as we get a reversal signal here at end of wave 4?
Reply
Bharatc HarshShivlani
Yes it is almost there wait for one - or two days....Spinning top with reversal of RSI, MACD.
Reply
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