Ascending triangle breakout for resistance side with the bullish pattern
REC Ltd has given breakout above 125 levels which has been resistance since Jan'19. Target 1: 140+ (short term) Target2: 165+ (medium term) Target 3: 270+ (long term) SL: Daily candle close below 125 levels.
Explained the swing trade bet on REC LTD using Fibonacci retracement by taking 2021's high and low as the reference point
REC looks overbought zone, seems it might take some little bit correction in coming days. one can look forward target 105/- with stop loss 120/-