RECLTD trade ideas
RECLTD Chart pattern and price actionThis is only for an educational purpose. In this i provides price action and chart pattern and also RSI divergence confirmation.
and also entry and T1 , T2.
REC LTD swing ideaExplained the swing trade bet on REC LTD using Fibonacci retracement by taking 2021's high and low as the reference point
REC Ltd may go up to 150 levels REC Ltd has already tested its pre-covid highs and this is a very good time to enter the stock as it has retraced to its crucial support of 140 levels.
REC Ltd all set for 200 ++ short term targetInverted H&S completed. Short term target is 188 and 200 ++. Weekly closing stop loss 122. Bullish wolfe wave noted on monthly chart.
REC LTD 1D TFI am a authorized analyst so this is not a recommendation to anyone just my analysis
On daily time frame, line chart is showing pattern repeat. If the share gives a positive candle it could be buy signal and the pattern could be followed and show level of around 167. And the share also has a good support at price near to 145 which would help in reversal but if it fails levels of around 138 could be seen
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RECLTD price at support I will buy RECLTD because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 132/129
Target : 155
Stop loss : 125
BREAKOUTAfter long Term Resistance & Supply Zone breakout on daily timeframe we are expecting Retest then Booom🔥🔥
REC-Stock break Head and Shoulders Pattern
-Next level to watch 180/200 levels
-Support is near 140 level on chart
RECLTD Brocken trend line and ready to breakout the resistanceNSE:RECLTD
Stock trading with high volumes and now is in retracement and should touch 160 level and then bounce back to the next target 169.50 T1
Entry good only @ the entry point.
All the levels marked on chart
REC is in bullish mode. REC is in bullish mode.
It was suggested to buy near 152 ,Now it is on major resistance 168. when it is closed above 169 can test193 soon.
If come 157-150 can add more.
RECLTD | Trendline breakout and consolidation - Expansion modeRECLTD | Lets see if it is doubling this year, i see it is in expansion mode.
CMP : 132
SL : 110
Target : 167, 180, 220
Same time smaller time frame has - RSI positive divergence and previous week Hammer candle gives hope for short term 15% move
