Rec ltd share complete upside 5 wave and use 2 or 4 trend . if Price break 2 or 4 Trendline this stock start correction .
REC is trading near its all time high. Please keep this stock in watchlist. This might be next multibagger
It'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 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 106 120 128 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.
let's wait for the confirmation candle then we will plan for 1:1 target for coming week.
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...
BUY REC 155-155.50 TARGET 160 / 164 STOPLOSS 151.70 EDUCATIONAL PURPOSE ONLY
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 buy range 90-110 in small quantity ..... target 150 view 1.5 yrs stop loss 80
Stock is in daily demand zone plus supported by EMA 20
BUY ABOVE 105 ONLY
I 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
NSE:RECLTD bullish Flag Breakout & bearish butterfly bulls will win or Bears will get active?
Long REC investment
Start accumulating REC limited for long-term perspective. The journey would be painful so only suggested for patient investors. Immediate support seen at 116. High undervalued and high dividend pay every year.
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.