RECLTD trade ideas
Idea#3 Opportunity in REC LTD(Rural Electrification Corporation)One can keep a watch on REC LTD(Rural Electrification Corporation) to create long or short position. REC LTD currently trading in downtrend slopping channel and near to its bottom line. It survived to close above the bottom trend line even after yesterday's huge downfall, which indicates some positive in this script. Below are the level's you can keep in your consideration while making any long or short position:
Buy Side Stats:
CMP: 106.45
Make a long position above 106.50 with the SL of 105
Short Side Stats:
CMP: 106.45
Make a short position below 105 with the SL of 106.50
Idea#3 Opportunity in REC LTD(Rural Electrification Corporation)One can keep a watch on REC LTD(Rural Electrification Corporation) to create long or short position. REC LTD currently trading in downtrend slopping channel and near to its bottom line. It survived to close above the bottom trend line even after yesterday's huge downfall, which indicates some positive in this script. Below are the level's you can keep in your consideration while making any long or short position:
Buy Side Stats:
CMP: 106.45
Make a long position above 106.50 with the SL of 105
Short Side Stats:
CMP: 106.45
Make a short position below 105 with the SL of 106.50
RECTested it's demand zone , if able to trade above support ..then it can be traded for T1 -121 & T2- 130
View Negated below 100.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Adviosr Before Taking Any Decision.
I am not SEBI Registered Financial Advisor
Buy REC because REC profit rises 37% to ₹1,469 cr in first quartTehre is no clear buy signal in the charts but REC profit rises 37% to ₹1,469 cr in first quarter, so the stock can move up
www.thehindubusinessline.com
BAT LEVEL 2hope it follows bat pattern...
buy above 120.25
stoploss 117
target 140
time frame 220 trading days...
REC - IHNS - Weekend StrategyIt is at 6th level on weekend strategy. Breakout is possible but we can not afford to bet on the breakout due to the possible mean reversion as it already rose quite a lot in last two months.
So, waiting on the breakdown or consolidation confirmation to trade.
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.
