rejection from resistance line
price forming bearish inside bar formation belwo 18 day EMA
18 EMA crossing 50 day EMA downwards
MACD below signal line
target and SL marked
REC ltd is at bottom and i am expecting reversal from this level.
As per past data stock always take reversal from this level so we are expecting a good move from here.
REC LTD : 423
STOP 410
TARGET 460 +
Date : 3-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 474.05
Targets: (1) Rs. 492 --> (2) Rs. 524 --> (3) Rs. 591
SL : Rs. 444
Technical View:
• NSE:RECLTD is in its primary uptrend since Jul-2023 and was recently going through it's secondary downtrend.
• After touching the high of 524 on 8-Feb-2024, it has retraced 21% to 414.55 level.
• ...
Date : 15-Feb-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 483.35
Targets: (1) Rs. 524 --> (2) Rs. 572 +++
SL : Rs. 440
Outlook:
Recently, Indian government has announced “PM Surya Ghar: Muft Bijli Yojana” with Rs 75,000 cr investment with an aim to boost solar power intends to provide up to 300 units of free electricity every...
Wrong entries
1. Point 1 is not the right entry, because no candle crossed the breakout candle at point 1.
2. From 2 to X , we can think of entering in the trade in buy direction. We should never do that, because market is still in downtrend. It never broke the previous high, it is just moving in upward direction to reach supply zone, so that it can fall...
1. flag & pole breakout
2. weekly basis
3. consolidation phase over
4. pole length 200+
5. target of 480+ 200 = 680
6. go long above 480 closing on weekly basis.
*Up side channel break out down side
*Down side very strong support
*Price forms bearish engulfing pattern
* Most chances down side move except
*Only buy after perfect conformation
*Only educational purpose
This is the analysis of RECLTD in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your...
REC has shown pennant breakout. We can expect the price to move to 575-600+. Other factors:
1. Volume has started picking up again
2. RSI is bullish
3. MASD is showing bullish signs
4. Highest TTM revenue and profits
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REC LTD can give a nice up move good for swing and positional trades only if sustains above 470
ENTRY above 470
Stotploss at 460
Targets at 480,500,520++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
About :-
REC Ltd. engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The...
An On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:RECLTD
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing...
