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REC LIMITED

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RECLTD trade ideas

REC 30 Min TFFibonacci retracement and extension Fibonacci retracement and extension is a technical analysis tool that uses horizontal lines to identify potential levels of support and resistance in an asset’s price movement. By plotting the price swings from high to low, traders can use the Fibonacci ratio of 23.6%, 38.2%, 50%, 61.8%, and 100% to forecast where the price may retrace or extend to. The Fibonacci retracement levels are used to determine the support levels, while the Fibonacci extension levels are used to identify potential profit-taking levels.
NSE:RECLTD
by kkupadhayay
Decade long breakout in RECJust like PFC, REC is also giving a long breakout after trading in a triangle for more than 10 years. Ofcoz we can see there was a fake breakout in May 2017 and it moved into channel immediately afterwards. But this time around, the breakout looks more genuine. Again I expect it to go beyond 800 over the next few years. Great thing about stocks like REC and PFC is they have huge profits every year and give around 5-7% dividend yield even at current price. This compounded with decade long breakout is a huge plus.
NSE:RECLTDLong
by manni84