REC 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.
This stock iis near by monthly Breck out . By above tredline
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
Bounced from the lower line of Parallel channel, poised to touch the upper line. T- 180+ SL- 150 (closing basis)
VCP clearly forming up very good move expected,,,,just for knowledge do your own study before building positions
Breakout of IHS pattern on 15 min chart. after breakout re-test of neck line done. should move towards 168 level where another major resistance exists disclaimer : view is only for education purpose .
ENTER : 148-152 (at dips) STOP LOSS: 138 Target: 177/190/220 Time frame: 1/2/4 months Trade @ur own risk. And its my observation and analysis
REC LTD lookin good in 15 min timeframe, and forming a ascending triangle with a good resistance levels. We can initiate a trade if it breaks the resistance and the ascending triangle
RECLTD has started gaining relative strength as compared to MIDCAP index. Stock is volatile therefore rising across multiple rising trend lines. Strong weekly support and resistance zone has been highlighted.
Levels mentioned on chart by Long tool. SL is on daily closing basis
This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum.
RECLTD (4HR):- 150.35 CMP, looks good for 160/170++ (Taking support form supportive trendline + EMA 200)
Price range 144 to 145 is going to act as a good support as it is a confluence of Weekly pivot support1, 200 EMA (4Hrs.) and the trend line. Any price movement withing this range can be a good buy! Any decisive close below this range can be considered as stop loss. The first target can be the weekly pivot near 149.5
Details on Chart. Note: This is for study purpose only.
REC LTD Can go long at 160 with stop loss of 140 for the target of 180 and 200
All charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
double bottom breakout expected. Levels are marked on the charts. Disclaimer: It's not a trade call. It's for educational purpose only. Please do your own analysis before investing in any scrips.