REC Ltd looking bullishREC Ltd broken 100 EMA and trendline and all the levels on upside. We can see a great up move soon.
RECLTD trade ideas
RECLTD
NSE:RECLTD
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio is 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
RECLTD Breakout - Swing TradeRECLTD looks strong on Daily and Weekly chart with Breakout strong closing above the TL. RR is 1:2 for swing traders.
channel pattern Breakout stockNSE:RECLTD
let see the price action =stock break the channel pattern + good volume
1 target = 140
fix you stop lose as per you R:R ratio.
let tell you opinion in comment
REC LTDRESISTANCE BREAKOUT :
1) The stock has broken a resistance with strong volume.
2) Looks good for the targets of 127, 133 & 140
3) Break out candle low can be kept As SL
Positional or Longterm Opportunity in RECGo Long above 118.8 for Targets of 127.95, 137.1, 146.25, and 155.4 with SL 109.65
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
REC LTD head and shoulder patternlet's wait for the confirmation candle then we will plan for 1:1 target for coming week.
Long idea REC ltd RecLtd looking bullish Above 120, Target 130 and with Stop loss 116,
Only for Educational Purpose . Not a Recommendation
RECLTD - Option Data ComplaintionBullish:
Straddle is at 125
Historic: ITM 125 Puts
1-Sessions ITM: Strong ITM Put writing
5-Sessions PE: 125 PE
Volume: 123.15
PCR: 0.85
Max Pain: 120 -> 122.5
Bearish:
Historic - 125,130 CE Resistance
1D - 120 CE
RECLTD - Looking weak with long term support brokenRECLTD has broken is long term support at 116 and given a weak closing with volume. For Monday, if this trade below 113 for 15-20 mins, then it can give intraday move.
In case of gapdown, wait for retracement back to 113-114 level before taking again at dip below 113.
In case of gapdown and no bounce back to above mentioned level, ignore it
Thanks
Piyush Gupta
Learn & Earn
REC ltd @ 127 target 132/140Triangle breakout coupled with good open interest buildup will lead to targets 132/140 on the upside
RECLTDRECLTD : CMP 126.85
Pattern : Falling Wedge
Support : 117
Resistance : 132
Swing Trade Suggestion
Buy Range 124-127
Target 144-153++
Stop Loss 119
Holding Period : 1 Month
Good Volume Accumulation
REC LTD for swing tradingREC LTD with ascending triangle pattern, might be a good pic for swing trading
Long if it breaks from upsideMultiyear triangle a great tradable opportunity for swing/positional traders
buy if green candle closes above R zonebuy if green candle closes above R zone.
and use super trend indicator for entry confirmation
Stocks algo selection (07-03-22)Dear Friends,
Refer chart for tomorrow stocks Algo..
we have select four stocks for tomorrow market based on Analysis.
Regards
Kirit Chavda
watch for head & shoulder breakdowncan short below 124 in Intraday safe entry will be 122
for swing short trade wait for daily candle close below 122
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high.
REC LTD POSITIONAL VIEW FEBYour risk is your risk, none of my risk.
REC LTD forming inverted H&S pattern, breaking 141 upsides will yield targets of 143, 145, 150,155.
If it closes below today's close, short positional for 135, 125, 115.
Swing tradeHead & shoulder pattern breakout... Go long upto 3% with a stop loss of 1.5% on daily basis candle close.
Note :- Education purpose only,... Not a call
