RECLTD price action has broken the trend line support at 170, stock price is making new lower lows and lower highs. stock can slide till 150/140 zone. keep stop loss above 183.
Cup and Handle pattern on RECLTD and it will break only on upside. Trade: Buy above - 189 Target - 201 Stop loss - 183
PFC has FY17 expected EPS of 29.5 and FY17 BV of 165 (after interim dividend but before final dividend) and hence at current prices it is trading at a PE of just 5.5 and P/BV of 0.95. Its one of the cheapest finance stock in the market. PFC corrected from 168 levels after the news came about Govt selling its 10% of its holding. Sale of share process will take...
The stock has been stuck in a broad range of 71-204 in the past few years. The recent rally has pushed the stock to the upper end of the trading range at 204-ish. Notice the selling tail in the current month candle. The spike in volume and the selling tail suggests that this *might" turnout to be an Upthrust or fakeout. Before jumping to conclusions, it would...
RECLTD is close to complete 5 wave structure started in early 2016. Ideally stock should reverse in 160-165 zone. IF we look inside the 5th wave, the subwaves indicate that wave 5 is close to completion
RecLtd forming a Pennant.. ready for breakout.. posted good results too!
It is been observed on daily chart that the price action previously formed a long big red candlestick indicating seller dominance in the price action who are pushing the price down. Today, it is also observed that the price action opens up high but the seller dominance put the prices down again, indicating further bearishness and dipping of prices. Target:...
Price has been making a smooth progression of higher tops and bottoms in the daily chart. As long as the support lines hold, I would expect a rally to the recent highs at 190+