RECLTD trade ideas
inverse Head & ShoulderIts looking like its gonna break the neckline.SO looks good reversal pattern for target of 190+ with stoploss of 150
RECLTDWeekly Chart Analysis : Trading inside large parallel channel pattern. Coming days, if this share sustains above 200 then expect 300-400 levels easily. Currently, watchout for Inverse H & S pattern with SL as weekly candle close below yellow TD line. Low risk trade. Good for investors.
Doji with confirmation candle and good volume | SwingStrong green confirmation and good volume after a downtrend shows upward movement of 8 -10%.
RECLTD Chart pattern and price actionThis is only for an educational purpose. In this i provides price action and chart pattern and also RSI divergence confirmation.
and also entry and T1 , T2.
REC LTD swing ideaExplained the swing trade bet on REC LTD using Fibonacci retracement by taking 2021's high and low as the reference point
REC Ltd may go up to 150 levels REC Ltd has already tested its pre-covid highs and this is a very good time to enter the stock as it has retraced to its crucial support of 140 levels.
REC Ltd all set for 200 ++ short term targetInverted H&S completed. Short term target is 188 and 200 ++. Weekly closing stop loss 122. Bullish wolfe wave noted on monthly chart.
REC LTD 1D TFI am a authorized analyst so this is not a recommendation to anyone just my analysis
On daily time frame, line chart is showing pattern repeat. If the share gives a positive candle it could be buy signal and the pattern could be followed and show level of around 167. And the share also has a good support at price near to 145 which would help in reversal but if it fails levels of around 138 could be seen
#57 RECLTD POSITIONAL SETUP#57(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also linked my views on stocks which on the verge of breakout BELOW.
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Cup & Handle breakout and retest done. DISCLAIMER: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. Kindly consult your licensed financial advisor before making any and all investment decisions. I am not a SEBI registered financial advisor. By Viewing any material or using the information provided by me, you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here.
RECLTD price at support I will buy RECLTD because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 132/129
Target : 155
Stop loss : 125
BREAKOUTAfter long Term Resistance & Supply Zone breakout on daily timeframe we are expecting Retest then Booom🔥🔥
