Trade ideas
[Buddha] RECLTD Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
RECLTD is Making Bullish Rectangle Channel Pattern (Breakout)Rural Electrification Corporation Limited : ( NSE:RECLTD ) is Making Bullish Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for iNTRADAY Traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that BROKE this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.70% of your TARGET , you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already FiXED in the chart pattern.
You always have to trade only by M oney Management, P osition Sizing, S topLoss Trailing. This is the way to stay in PROFiT .
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Chart Published By Ravinder Sharma
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REC Ltd Daily Analysis CMP 102.5 PRZ @ 78-83 Buy @PRZ Targets 11REC Ltd Daily Analysis CMP 102.5 PRZ @ 78-83
Buy @PRZ Targets 110-116-119-124+
[Buddha] RECLTD Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
RECLTD DAILY CHART VIEW#RECLTD DAILY CHART VIEW
REC Ltd.LTD consolidating in an ascending triangle.
likely breakout is expected on upside.
Sustaining above 117 it can move towards 133-142.
RSI is directionless and neutral.
In case of unlikely break below 104, it has the potential to fall towards 80.
REC Inside candle Break outInside Candle Breakout on Monthly Chart
Buy @ close of Aug month
Stop loss @ low of Aug month
RECLTD - Intraday Trading SetupSmart money accumulated before starting uptrend.
They will try to defend the position by buying when price comes into buy zone.
Note - High volatility before 9:30am and after 2:45pm. Manage risk accordingly.
Regards MuneshV
REC weekly chart bullish gartley REC weekly chart bullish gartley
buy range 90-110 in small quantity .....
target 150
view 1.5 yrs
stop loss 80
Good pattern - Price at resistance !!Price forming very good pattern and look for the break will give you good profits. . .
#RECLTD- DAILY chart bearishRECLTD - Bearish setup
DAILY chart analysis
Harmonics Pattern
Hope my Chart Helps !!!!
RECLTDBuy RECLTD Above Rs . 106 for The Targets of Rs . 110.40 - 112.40 - 116 .
Stoploss- 102.80
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Vishwajeet Sharma
[Buddha] RECLTD Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
