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 trade ideas
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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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~
recltd about to moveas we can see its has given ascending triangle breakout... and is resisting bt with good volume if given breakout above we can see good movement
RECLTDRECLTD is near breakout , very good volume seen in todays session , make a long position at 165 and place a stoploss at159 , my viw for rec is 185 in next week , make your own analysis
Possible Breakout in Rec LtdBreakout supported by Volume. Clear Sign of Accumulation which acts as an Effort with some possiblities of Mark up. Wyckoff spring and test can be observed in daily timeframe.
Rural Electrification Corporation LimitedWedge pattern in Rural Electrification Corporation Limited. wait for the brekout.
REC LOOKS GOOD FOR a BIG RIDE ABOVE 228 ACCUMULATEREC LOOKS GOOD FOR a BIG RIDE ABOVE 228 ACCUMULATE
Looks Good for Longe term 2 to 3 years.
Follow : Yotube Channel : MARKET DECODER
For Live Sessions and Queries.
resistance breakout trade buy !recltd : 150.65
trade set up :
1. buy above 151
2. keep sl as 138
3. target expected 168+
technical set up:
1. triangle pattern
2. trend line support
3. volume
4. multiple time frame analysis
trading inside the parallel channel
Bounced from the lower line of Parallel channel, poised to touch the upper line.
T- 180+
SL- 150 (closing basis)
Long in RECLTDVCP clearly forming up very good move expected,,,,just for knowledge do your own study before building positions
