This is not a recommendation, but just a personal point of view shared for purely educational purpose. Before taking any position in this stock please consult your financial advisor. I will not be liable for any losses incurred for any positions taken in the above stock.
The stock is ready for a breakout to touch 170 levels in the short-mid term.
Chart Time frame: 1W
As shown in chart, the stock gave 3 Year old trend line breakout.
We can go long above 150 Resistance level for safe position.
Target above 150:
1) 160
2) 180
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
After the fall of 21st December, REC LTD is recovering by taking support on the trend line. It has faced resistance at 135.55 . And in tomorrow's market (28 december 2020), it may give a brekout by terminating the 135.55 mark.
Buy Abv :119
SL: 111/110
TGT:124/134
Disclaimer
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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...
NSE:RECLTD
Hi Traders,
RECLTD trade setup, entry and target level on chart.
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This would give us ...
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.
Regards MuneshV
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.
