RECLTD trade ideas
RECLTD - SYMMETRICALTRANGLE FORMATIONNSE:RECLTD
#GOOD_TO_KNOW
#FRESHVIEW 25.04.2021
#REC CMP 126
A LITTLE MORE CONSOLIDATION POSSIBLE
BUY RANGE 100-125
PRICE MOMENTUM
100-105-112-120-126-136-148-160
SL BELOW 95
SHORT TERM VIEW
#SYMMETRICAL #BREAKOUT #MULTIBAGGER
RecLtd - Triangle breakoutPrice making perfect triangle and it is going to break in the following sessions. Wait for the break before you jump in . ..
Maximum posts for the day reached. .. I am unable to post the analysis . . . bye for the day
REC LTD ON 15 MINS CHARTRec is trading below 200 ma and it’s has given good reversal from Fibonacci 61.8% level. We also drew the resistance line and we observed increase in bearish pressure(selling) at resistance level. For next week or coming days we can see double bottom pattern but for this week look for short opportunity. Trade safe
REC in Pitchfork PatternREC moved in channel formed by Pitchfork pattern.
It appears Tripple zig zag correction WXYXZ going up.
Entry near 125, stop loss 91.7, target 190
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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REC: Head and ShouldersREC LTD has broken neckline of head and shoulders, one can short at this level
a good company giving good returnsrec ltd
very nice company
buying when at 84 levels
and waiting for the resistance
almost 90-100% returns in a year
stable stock
60 ema dynamic support
C&H Pattern Spotted In RECLTD Hourly Timeframe.Cup And Handle Pattern spotted in RECLTD in Hourly Time Frame.
Why i am bullish on this ?
1). Nifty falls 270+ in intraday and covers 200 Points in same Day, At the Same point of time REC Falls 2.4% and then it covered all the way up and close 1% Above the opening price .
2). Price Consolidating in range after it broke cup and handle pattern and making higher high in Lower Time Frame.
3). Positional Trade: You can see confluence of Box Range and Trendline at 153 to 155 region, Once it break that level then Hold Tight till 165 to 170 in coming Days.
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Long for the Target of 155 in short term.Go Long for the target of 155 with SL of below 140 closing basis.
REC: Breakout Retest and then a strong UpmoveREC broke out of a falling trendline and 200 SMA on weekly..and then after a retest has started its journey up....can be a rerating candidate
REC Ltd. Go LONG Bullish Hi All,
This is the first time I am publishing the chart in my life.
REC on a weekly basis is going strong, the view here is go LONG for a target of 169 and 184 in next few trading sessions, if one has an appetite to HOLD then it can give you the target of 224.
Also it has to sustain the level of 150 strongly to move forward
Price Closed on 18th Feb 2021 : 154.21 (NSE)
RSI on Monthly basis : 60.18
RSI on Weekly basis : 73.29
RSI on Daily basis : 68.39
Strong accumulation is done between 100-135 levels. I am positive on it.
Hope you like my analysis.
Feel free to Like | Comment | Share..
Best of Luck !!
RECLTD on the verge of a BORECLTD :: CMP :147.65
Data and chart looks good.
Stock frm current lvl might move 2wards 153.75
Sl 145.35 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Breakout & pullback done on RECLTD. Now the only way is up.The stock broke out of its trendline resistance and also completed a pullback to retest the trendline which now acts as price support. The stock is now poised for an up move to levels mentioned in the chart.
Pattern breakout after the breakout, a small correction happened
now it is on the track to move upwards
Triangle breakout after 5 years cmp 132 (31 Jan 21) can be accumulated with SL of 115 for the target of 220.
Breakout from REC LTDNSE:RECLTD made an uptrend and made a consolidation . Now the stock breaks the consolidation, it is now starting an uptrend again .Expecting 10 percent profit .
RECLTD | Trendline Breakout & Retracement with Hammer Pattern 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!! ⭕
--Buy Above = 139.30 or CMP
--Target = 157 | 183
--Stop-loss = 128.30
--R:R = 4.12
--Expected Profit = 31 %
--Expected Holding = 1-3 Months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Longterm Trendline break with volume
2) after breakout retracement is done
3) Hammer pattern formation & now a big momentum is happening
4) Targets are based on resistance levels
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