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mayurlasure

Multi week Bullish reversal Head and Shoulder Pattern on REC

REC LTD (NSE:RECLTD)  
mayurlasure Updated   
NSE:RECLTD   REC LTD
Chart Patterns Trend Analysis Technical Indicators
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chartpattern trendanalysis indicator
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.
Comment:
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.
Comment:
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.
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