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Recltdbuy

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.
NSE:RECLTDLong
by vicky252
10
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.
NSE:RECLTDLong
by suraranjanganguli