Multi week Bullish reversal Head and Shoulder Pattern on REC

Multi week Neckline of classic Head and Shoulder pattern is in the area of 145-148, chances of strong break out with good volumes in coming days as the momentum indicators like Monthly, Weekly, Daily RSI moving above 60 showing strength.

Note

Upcoming few days are very important for this stock...if stock continue to hold it's momentum then we can see new high very soon.

Note

Slowly and steadily gaining momentum week on week. Weekly rsi above 60 showing momentum intact.

Trade closed: target reached

Looking good for long term....Short term target reached.
Thanks a lot.

mayurlasure

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