REC FALLING WEDGE BREAKOUTREC breaking falling wedge
with huge volume
good q4 results
#target 660
EDUCATIONAL IDEA
REC
REC LTD for target 460+REC ltd is at bottom and i am expecting reversal from this level.
As per past data stock always take reversal from this level so we are expecting a good move from here.
REC LTD : 423
STOP 410
TARGET 460 +
REC Bullish HarmonicRec is in the process of forming a harmonic.. a little late to share but can buy in 236-238 range with 234 stop loss for minimum 254
REC ! Take it Easy. Consolidation at Top.
Breakdown is witnessed.
Disjoint Channel spotted.
Lower High Lower Low formation
Trade-26/100-REC-R:R Experiment-BuyBuying REC in DAILY positional trade
Good structure making HH-HL.
REC technical analysis on Wave theory1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B.
4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs.
5)Lower side target to be 30
Note: this is only educationla purpose
RECREC
T1- 135
T2- 161
SL - 96
Time frame - Monthly
Study - Symmetrical Triangle pattern (Continuation Pattern)
This chart is only for educational purpose.
Buy RelianceTarget : 3000
Long on reliance industries for medium term gains.
Stocks can be bought for this price.
2800 first target.
Rec ltd #harishraoytRec ltd share complete upside 5 wave and use 2 or 4 trend . if Price break 2 or 4 Trendline this stock start correction .
Keep eye on RECREC is trading near its all time high. Please keep this stock in watchlist. This might be next multibagger
Time to book your profits between 118 to 124 in RECIt's time to book your profits between 118 to 124 in REC. This stock is under a 52 week high and there is not any big news besides Jefferies buying. Investors can book your profits if you want to hold, you can hold your profit value. Book your margin value.
Note : This is purely based on technical analysis and my knowledge. Just intent to share my knowledge.
REC - DAY CHART - 31.10.22 - DIVIDEND - BAHAVAN CAPITALREC Chart posted on 27.10.22 being dividend declared the stock will move up and lets see whether it can break 104.
Happy Profitable Trading to all..
REC Ltd (RECM) TARGET 106 120 128REC Ltd (RECM) TARGET 106 120 128
Hi REC Ltd (RECM) day chart. Fibonacci Retracement Levels crossed 50% so strong upside.
increase in volume and price with momentum yesterday. open interest increased to 40.82%
stock split today 18th Aug. so time to accumulate to long. good dividend stock.
REC LTD head and shoulder patternlet's wait for the confirmation candle then we will plan for 1:1 target for coming week.
Nifty Energy - Next Big Theme ???Nifty Energy to outperform Nifty in coming days.
Both Long term and short term trend became bullish.
Very positive changes are happening in this
sector and
Charts are looking bullish .... : :)
Few stocks to track in this segment are
Power grid
Tata power
Ntpc
Coal India
PFC,REC,PTC...
Rec ltd serves on U-shape cup without handle U shape recovery but without handle
MACD Above line
consolidation near resistance area
volume increasing
entry -
After black horizontal breach
SL -
Some room area below horizontal
target
Till previous high and can be much higher
REC weekly chart bullish gartley REC weekly chart bullish gartley
buy range 90-110 in small quantity .....
target 150
view 1.5 yrs
stop loss 80
important levels for PFCI see a temporary bounce back in the counter as its trading at bollinger band lows , but overall chart structure negative may show 100 levels in coming days
@REC bullish Flag Breakout & bearish butterfly @in_tradingviewNSE:RECLTD
bullish Flag Breakout & bearish butterfly
bulls will win or Bears will get active?
