TRADE OR INVEST wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your. PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
*CAUTION! = Predicting stock market is the game of probability, no one can perfectly know its next move even warren buffet** just an idea NSE:RECLTD
REC Ltd broken 100 EMA and trendline and all the levels on upside. We can see a great up move soon.
RECLTD looks strong on Daily and Weekly chart with Breakout strong closing above the TL. RR is 1:2 for swing traders.
RESISTANCE BREAKOUT : 1) The stock has broken a resistance with strong volume. 2) Looks good for the targets of 127, 133 & 140 3) Break out candle low can be kept As SL
REC LTD with ascending triangle pattern, might be a good pic for swing trading
can short below 124 in Intraday safe entry will be 122 for swing short trade wait for daily candle close below 122 For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will...
Your risk is your risk, none of my risk. REC LTD forming inverted H&S pattern, breaking 141 upsides will yield targets of 143, 145, 150,155. If it closes below today's close, short positional for 135, 125, 115.
Why this trade..?? 1. Double Bottom 2. Bullish Divergence Reasons mentioned in the chart. Disclaimer : This view is for educational purposes only and it's my personal.Please Consult your financial advisor before attempting any trade.We're not responsible for your profits or losses.
Good to add above 136 It has multiple divergences as shown in chart which makes the structure very strong.
RECLTD looks weak below 139.25 till 110 strong above 142 (CMP: 134.45) CAN TAKE POSITION ONLY BETWEEN 140-139
NSE:RECLTD Buy near 125 or above 132 SL closing below 121 T 138, 146, 156
RECLTD is at the confluence of trendline support and also its 200DMA support. A combination of trendline and 200DMA acts as a decent support for the stock. Long can be initiated for 169 resistance as the target zone.
Rec Sell Trend Line Break Out And More Analysis Follow me And Like Now
The stock has been ascending for the past few days, and has been close to resistance quite a few times. Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180. I recommend a stop loss of 155, but you can take a call basis your risk profile. The trade offers a risk reward ratio of >1:4. Please follow us for more...
REC Long (18 Oct) Ascending triangle pattern found Buy at CMP - 165 SL- 155 Target- 180, 189, 201 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Wedge pattern in Rural Electrification Corporation Limited. wait for the brekout.