RECLTD trade ideas
RANGE BREAKOUT TRADERANGE BREAKOUT TRADE. Buy Above 139 Rs by Keeping SL Below 137 Rs For Target of 141 - 144 Rs.
SHORT RECLTD SHORT RECLTD, this trade has a very high probability as its showing signs of a perfect bearish trend
Weekly charts are showing Downmove
MACD has already crossed and momentum is high.
A possible breakdown is expected as it's below its 20 SMA
RSI is near 35 region which shows a correction may take place placing it in Oversold Zone
The immediate Bearish Candle has almost Engulfed its previous two bullish candles which shows Bears are highly confident.
200 DEMA is about to cross 100 DEMA and signal a high Bearish Move.
This trade has very high chances of hitting its target as most of the indicators are in favor.
Happy Trading...........
1st red dayall you have to do was to cut losses in previous 3 days thats it then there come a play with 50% offering
REC CHANNEL BOIF CLOSED ABOVE 143 TODAY, REC MAY TOUCH 170 IN 4-6 MONTHS TIME. SL - 133
NOT A TRADING ADVICE
REC,DAILY,BULLISH SHARKREC,ON DAILY FORMED A BULLISH SHARK PATTERN,WITH A BULLISH ENGULFING AT PRZ AROUND 120 LEVELS,LOOKS ATTRACTIVE FOR 145 LEVELS..
Swing idea in REC ltdThis swing idea is based on trend line support concept. See chart to understand.
Breakout in RECT LTDThere is breakout in RECT Ltd on daily chart.
Next targets could be 155,167.
Trading above 50 & 200 EMA.
