RECLTDRECLTD is near breakout , very good volume seen in todays session , make a long position at 165 and place a stoploss at159 , my viw for rec is 185 in next week , make your own analysis
RECLTD trade ideas
Possible Breakout in Rec LtdBreakout supported by Volume. Clear Sign of Accumulation which acts as an Effort with some possiblities of Mark up. Wyckoff spring and test can be observed in daily timeframe.
Rural Electrification Corporation LimitedWedge pattern in Rural Electrification Corporation Limited. wait for the brekout.
REC LOOKS GOOD FOR a BIG RIDE ABOVE 228 ACCUMULATEREC LOOKS GOOD FOR a BIG RIDE ABOVE 228 ACCUMULATE
Looks Good for Longe term 2 to 3 years.
Follow : Yotube Channel : MARKET DECODER
For Live Sessions and Queries.
resistance breakout trade buy !recltd : 150.65
trade set up :
1. buy above 151
2. keep sl as 138
3. target expected 168+
technical set up:
1. triangle pattern
2. trend line support
3. volume
4. multiple time frame analysis
trading inside the parallel channel
Bounced from the lower line of Parallel channel, poised to touch the upper line.
T- 180+
SL- 150 (closing basis)
Long in RECLTDVCP clearly forming up very good move expected,,,,just for knowledge do your own study before building positions
REC: Ready to flyBreakout of IHS pattern on 15 min chart. after breakout re-test of neck line done. should move towards 168 level where another major resistance exists
disclaimer : view is only for education purpose .
REC LTD .BULLISH!!ENTER : 148-152 (at dips)
STOP LOSS: 138
Target: 177/190/220
Time frame: 1/2/4 months
Trade @ur own risk. And its my observation and analysis
REC LTD ASCENDING TRIANGLE 15 MINREC LTD lookin good in 15 min timeframe, and forming a ascending triangle with a good resistance levels. We can initiate a trade if it breaks the resistance and the ascending triangle
RECLTD - Price and Trend SetupRECLTD has started gaining relative strength as compared to MIDCAP index. Stock is volatile therefore rising across multiple rising trend lines. Strong weekly support and resistance zone has been highlighted.
Expecting Breakout ✌✌This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum.
RECLTD RECLTD (4HR):- 150.35 CMP, looks good for 160/170++ (Taking support form supportive trendline + EMA 200)
Confluence of Trend Line, 200EMA(4H) and Weekly Support1 !Price range 144 to 145 is going to act as a good support as it is a confluence of Weekly pivot support1, 200 EMA (4Hrs.) and the trend line. Any price movement withing this range can be a good buy! Any decisive close below this range can be considered as stop loss. The first target can be the weekly pivot near 149.5
RECLTDAll charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
REC Ltd - Break out expected on the upside.double bottom breakout expected. Levels are marked on the charts.
Disclaimer: It's not a trade call. It's for educational purpose only. Please do your own analysis before investing in any scrips.
REC Ltd. GEARING UP FOR A BREAKOUT! 15th Jul 2021Supply Zone is one from where extreme sell off happens . It's a zone where the sellers are extremely strong , defeating the buyers and pull the prices down. On this chart , we can see that here has been an extreme sell off from the supply zone , on two instances . This is third time , the price is approaching the Supply Zone/Resistance again with weak sellers. The Supply zone can be considered as a strong brick wall, which doesn't break when hit for the first time / second time. However, generally after 2-3 attempts later, when the same zone is hit multiple times , it becomes weak and hence the brick wall breaks and price gives a breakout. One may observe how the sellers keep getting weaker and weaker at every subsequent retest of the zone. Keep a check on Rec Ltd. in the coming days, any breakout with good volumes , may mean that one can go long !
Buy REC LTD Double Bottom Formation and a Breakout
Buy REC LTD
For the Target of 155-160-167
Stop-loss One Day Close Below 20 DMA
