Medium Term Trading Idea in REC LTD with huge price appreciationHi,
REC Ltd has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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RECLTD
REC Ltd - Breakout OpportunityDate : 12-Jun-2024
Rating : Buy - Positional Trade - Buy above 524
LTP : Rs. 516.45
Targets: (1) Rs. 567 --> (2) Rs. 607 --> (3) Rs. 731
SL : Rs. 482 on daily close basis
Technical View:
• NSE:RECLTD is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 607.80 on 3-Jun-2024, it has retraced 33% to 408.30 level.
• On 12-Jun-2024, NSE:RECLTD has broke out from its secondary down trend with high volume.
• RSI is trading at 49.87 and MACD is trading at -1.29. Both are about to give bullish cross over. Hence, buy above 524.
• Looking good to start a new swing from here.
• All the above observations are noted in Daily Timeframe.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
BHEL was in sideways trend last week Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
BHEL is in corrective moce after making recenrt highs
If sustains above 300 level, it may try to test recent highs
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 280 & then 270 level
whereas upside hurdle is aroud 320 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
LONG setup in REC Ltd PSUAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:RECLTD
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
REC Ltd - Breakout OpportunityDate : 3-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 474.05
Targets: (1) Rs. 492 --> (2) Rs. 524 --> (3) Rs. 591
SL : Rs. 444
Technical View:
• NSE:RECLTD is in its primary uptrend since Jul-2023 and was recently going through it's secondary downtrend.
• After touching the high of 524 on 8-Feb-2024, it has retraced 21% to 414.55 level.
• NSE:RECLTD has broke out from its secondary down trend on 3-Apr-2024 with higher volume.
• RSI has crossed over 50 on 1-Apr-2024. MACD has crossed 0 on 3-Apr-2024.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Triple Top Breakout - RECLTD📊 Script: REC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Top pattern of daily chart with volume.
📈 Today was the result date and numbers are pretty good.
📈 Trading at upper band of Bollinger band and giving breakout of it.
📈 MACD and Double Moving Averages are giving Crossover.
📈 RSI is around 70.
📈 Initially we may see some profit booking because stock was up almost 10%.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 551
⚠️ Stoploss ☠️🚫 - 488
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
REC Ltd - Mid & Long Term OpportunityDate : 15-Feb-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 483.35
Targets: (1) Rs. 524 --> (2) Rs. 572 +++
SL : Rs. 440
Outlook:
Recently, Indian government has announced “PM Surya Ghar: Muft Bijli Yojana” with Rs 75,000 cr investment with an aim to boost solar power intends to provide up to 300 units of free electricity every month to households which get solar panels installed. Targeting to install rooftop solar panels in one crore households. NSE:RECLTD has been designated as the overall program implementation agency for the rooftop solar scheme. NSE:RECLTD is expecting to cover at least 10 GW of its 40 GW target of rooftop solar installations by 2026. NSE:RECLTD has set a target of increasing its renewable energy loan portfolio to Rs 300,000 crore by 2030.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
RECLTD Analysis & PredictionThis is the analysis of RECLTD in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About RECLTD :
REC Ltd. engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The company was founded on July 25, 1969 and is headquartered in Gurugram, India.
Rec LtdIn September 2023, We recommended to buy the stock and reason was it was undervalued and had multiyear consolidation which is strong sign to long....
After that It has given huge 180% return in matter of few days .......
Now, we have updated and you can see the technical analysis ... It may retest for a while so better to be away until retest ....
RECLTD - Multiyear Break out SoonA Govt of India enterprise provides finance to power sector. Eventhough high debt is one of the biggest threat for its forward movement ,increasing profit over last few quarters is a good sign. Its Moving through a strong resistance band now. Also a 1 year long cup and handle formation is also seen in charts. Company is nearer to its multi year high. Expecting a 50% moven within an year .
REC LTD Setup ready to go longLong REC LTD above 250 for the long-term target. The stock has been in an uptrend for a long time & a small correction or pullback period has been over. Stock is trading near 50 EMA. levels of 300+ can be seen in the coming days.
This is for your educational purpose only.
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
#Long on REC Ltd (Inverted H & S pattern formed)REC ltd touched an ATH of 168.05 on 3rd May 2017. Since, it has been correcting and rising, thereby forming an inverted H & S pattern on daily chart.
An entry after a close above 126.5 is recommended for assigned targets of 138 and then 165.
A stop Loss of 116 on daily closing basis is recommended.