Bullish Traditional Divergence Hello, I found this Divergence which is bullish for the stock
reason 2 took support from 450 sma and reverses upside.
purely indicator base setup this is but reasonable to take entry .
View Negates below 125 clbs.
RECLTD trade ideas
REC LTD - PositionalWhy this trade..??
1. Double Bottom
2. Bullish Divergence
Reasons mentioned in the chart.
Disclaimer : This view is for educational purposes only and it's my personal.Please Consult your financial advisor before attempting any trade.We're not responsible for your profits or losses.
REC Ltd -- Very good RR above 135Good to add above 136
It has multiple divergences as shown in chart which makes the structure very strong.
Rec ltd [strongle buy ]This stock complete flat correction Abc
wave A start 9 june 2021 end 24 june 2021 .wave A inner part ABC
wave b start 10 june 2021 and end 14 oct 2021 . wave B inner part ABC
wave c start 15 oct and end 20 dec 2021 . wave C inner part 1,2,3,4,5
[Diary] RECLTD Intraday Short Positional LongNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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RECLTDRECLTD looks weak below 139.25 till 110 strong above 142 (CMP: 134.45) CAN TAKE POSITION ONLY BETWEEN 140-139
REC near support zone Expecting a bounceNSE:RECLTD
Buy near 125 or above 132
SL closing below 121
T 138, 146, 156
buy RECLit has formed cypher harmonic pattern, though not a perfect setup. also it has form ABCD harmonic pattern. it may retrace to 0.38%-0.50%. view negated below 128 clbs
Rec Swing REC LTD looks good for swing trading above 140 ondaily daily closing basis
Testing 2 years trendline
Thanks and regards
Vignesh
RECLTD at 200DMA SupportRECLTD is at the confluence of trendline support and also its 200DMA support. A combination of trendline and 200DMA acts as a decent support for the stock. Long can be initiated for 169 resistance as the target zone.
ReCLTD LONG SETUPRECLTD has formed a bullish divergence in its 1 hr time frame along with the double bottom support. With a low sl of 146 one can go long in this stock.
RECREC 156
SL 145
TGT 178
RR 2:1
Trigger -- Stochastic (20,3,3) crossed above 20
Major trend confirmation
25 SMA > 100 SMA
50 SMA > 200 SMA
RECLTD - Ascending Triangle PatternThe stock has been ascending for the past few days, and has been close to resistance quite a few times.
Considering the setup, it is a likely candidate for Breakout of resistance, for a likely target of 180.
I recommend a stop loss of 155, but you can take a call basis your risk profile.
The trade offers a risk reward ratio of >1:4.
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REC Long (18 Oct)REC Long (18 Oct)
Ascending triangle pattern found
Buy at CMP - 165
SL- 155
Target- 180, 189, 201
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
REC- SHORT TERM BETOnce can enter after the breakout.
Feel free to correct me.
This is for educational purposes only.
RECLTD Swing Long TradeLooks good at current levels. One can add at current levels with SL and TGT mentioned on chart
recltd can give good move above 170recltd can give good move if it crosses 170.
Follow levels given on chart.
REC LongREC Long
Bullish Harami Candle pattern found after a long down trend.
Yesterday stock took support at 100 day EMA at 140 level
Buy above- 145
SL- 139
Target- 155, 164
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
REC has good potential for 40% upsideREC 164 has given breakout from CUP and Handle pattern suggests it has potential for 40% upside to 225.
REC near monthly levelsREC is looking very bullish above monthly levels of 165.
Please note this idea is for educational purposes only, please use your own discretion while trading~
