Date : 3-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 474.05
Targets: (1) Rs. 492 --> (2) Rs. 524 --> (3) Rs. 591
SL : Rs. 444
Technical View:
• NSE:RECLTD is in its primary uptrend since Jul-2023 and was recently going through it's secondary downtrend.
• After touching the high of 524 on 8-Feb-2024, it has retraced 21% to 414.55 level.
• ...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
📊 Script: REC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Top pattern of daily chart with volume.
📈 Today was the result date and numbers are pretty good.
📈 Trading at upper band of Bollinger band and giving breakout of it.
📈 MACD and Double Moving Averages are giving Crossover.
📈 RSI...
REC LTD
We had a breakout from a strong supply area, almost 4 rejections in 3 months. Volumes were amazing today.
EPS YTD 53.72 vs 42.41
We might see some pullbacks before next move.
#Nifty #TradingView #StockMarket #trading #StockMarketNews #StockMarketindia
REC ltd is at bottom and i am expecting reversal from this level.
As per past data stock always take reversal from this level so we are expecting a good move from here.
REC LTD : 423
STOP 410
TARGET 460 +
Hi,
REC Ltd has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss...
rejection from resistance line
price forming bearish inside bar formation belwo 18 day EMA
18 EMA crossing 50 day EMA downwards
MACD below signal line
target and SL marked
Date : 15-Feb-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 483.35
Targets: (1) Rs. 524 --> (2) Rs. 572 +++
SL : Rs. 440
Outlook:
Recently, Indian government has announced “PM Surya Ghar: Muft Bijli Yojana” with Rs 75,000 cr investment with an aim to boost solar power intends to provide up to 300 units of free electricity every...
Wrong entries
1. Point 1 is not the right entry, because no candle crossed the breakout candle at point 1.
2. From 2 to X , we can think of entering in the trade in buy direction. We should never do that, because market is still in downtrend. It never broke the previous high, it is just moving in upward direction to reach supply zone, so that it can fall...
1. flag & pole breakout
2. weekly basis
3. consolidation phase over
4. pole length 200+
5. target of 480+ 200 = 680
6. go long above 480 closing on weekly basis.
