Buy Abv :119
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment...
REC LTD has broken out of a trendline.
IMPORTANT NOTE: The chart shows that the price is below the trend line because 13th November (the date on which I am posting this is an ex-dividend date and that too of 6 rupees).
The stock is 2% up even on ex-dividend date shows how strong the stock is right now.
Go long from here.
Rural Electrification Corporation Limited : ( NSE:RECLTD ) is Making Bullish Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE ...
Smart money accumulated before starting uptrend.
They will try to defend the position by buying when price comes into buy zone.
Note - High volatility before 9:30am and after 2:45pm. Manage risk accordingly.
RECLTD buy around CMP (presently 107.2-107.3)
SL: 0.5 Points
Tgt: 2.75++ Points
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering.
#RECLTD @ 106.05
- A bullish pattern
- A big green candle made on 13-Mar and since then the closings were moving around within this range
- Breakout attempts were made on 14-May & 08th-Jun (Red arrows).. but on 12-Jun saw the actual breakout
- Next: On watchlist for this week closing, if it is above 106 then LONG
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This Chart idea is on Basis of Volume Breakout that doesn't mean the stock price can go up but yes has high probability to do so..