RECLTD trade ideas
Inverse Head and Shoulder Pattern in REC. Look for break above neck line. Everything mentioned on Chart. Please feel free to correct any mistakes.
RECLTD Head n SHOuldersRural Electrification is in a downtrend for an year now. Making an inverted head n shoulders abd breaking the trendline. Awaiting a breakout/reversal
Flag BreakoutThough REC Breaks Flag; buy only after 120 Tomorrow bullish candle.
Minimum move towards 135.
RURAL Electrification. BUY above 109.05. SELL below 107.00.BUY above 109.05. SELL below 107.00
Parallel channel & Resistance line breakout.
High volume on last day.
Can expect a good breakout.
Double Bottom, Divergence, Parallel ChannelThis down trending stock is showing some strength recently and refused to make further low, thus formed double bottom. It is showing RSI divergence. One can buy the stock as per details given below
Entry 112
SL 107
Target 132
RR 4
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
RURAL TO URBANlook fr a falling wedge breakout .... buy above 121 tgt of 130-35 measured move.. SL swing low...
RECLTD - Undervalued It has been observed that the price action is consolidating within a downward channel. Now, the price action has reached to the support zone and also touching the support of the downward diagonal. On such zone, buying can be seen which shall further move prices up.
As per my analysis, RECLTD is undervalued at current levels. It is providing good investment opportunity.
Trade Targets:
T1- 134
T2- 140
SL- 122
Investment Targets
T1- 150
T2- 175
SL- 115
Dont Try to Go long on this script , Dont Try to Buy this , Script , its in major Correction , I had post this after going through a Moron, Posted it as buy , this script is continuously on down ward trend , and recently it has entered in tight range , which means if you try to buy on very narrow range its likely you will lose getting hit with your stop ,
Energy sector currently are in huge down side and are not at all ready to move up , if possible sell Future on reversal in 1 hour and move your stop once price moved away and put it to Brake even , so that you will not lose in case if revisits the selling area
or wait for Brake of this range structure and sell in Future
Regards
Start accumulating REC LimitedStart accumulating REC limited for long-term perspective.
The journey would be painful so only suggested for patient investors.
Immediate support seen at 116.
High undervalued and high dividend pay every year.
REC - Inverted H&S formationNSE:RECLTD has formed Inverted H&S one can go long above 165.80
T1 - 173.20
T2 - 182.90
SL - 157.70
REC - Break Out.Trend Line Break Out.
Above Support Level.
Above EMA.
50% Fibbo Retraced.
RSI showing buy mode.
Risk Reward Favourable.
Positional View for a Week.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
REC , Daily ,LongAfter a rising window , price consolidated for a couple of weeks , and then a nice breakout , which coincided with the down sloping trendline and the 50 EMA. Longs may be initiated for a swing target of 180 with a stoploss around 153.Also the price has crossed its 200 EMA , though closed below it.
