RECLTD trade ideas
REC OUTLOOKRec is on Trendline ,Target in the coming days will be 540 & 550 &555
Targets: Greenline
T1: 540
T2: 550
T3: 555
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks
RECLTD Support & Resistance
#RECLTD
• Current Price: 556.80 (+0.41%)
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Support: ₹550 (Immediate), 500-520 (Trendline)
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Resistance: *620 (Order Block), 660 (Upper Channel)
Patterns:
Mini/CHOCH suggests short-term strength.
IND/B at *550 indicates possible pullback.
BOS confirms long-term uptrend if sustained.
Fundamentals:
EPS: +177% YoY (June 2024).
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Sales: +29%, OPM: +22%.
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Up from 52-week low by: +115%.
Rec Ltd view for Intraday 26th September #RECLTDRec Ltd view for Intraday 26th September #RECLTD
Buying may witness above 552
Support area 545. Below ignoring buying momentum for intraday
Selling may witness below 539
Resistance area 545
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
REC Ltd view for Intraday 25th September #RECLTDREC Ltd view for Intraday 25th September #RECLTD
Buying may witness above 552
Support area 545. Below ignoring buying momentum for intraday
Selling may witness below 539
Resistance area 545
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward
if you follow the level.
Thanks,
Stock in downtrend: RECREC has made new highs of 650 levels in Aug 2024.
However, the 635 level could not be held beyond Sept 5, 2024.
The stock has been in a downtrend continuously.
20 EMA (Black line) has just crossed below 50 EMA (Orange line).
Previous support of 543 was also broken last week.
The bearish trend will likely continue as the Net Profit in Jun 2024 (Rs. 3,460Cr) has slightly fallen below Mar 2024 (Rs. 4,079Cr).
However, the stock has strong support around 494 levels.
Medium Term Trading Idea in REC LTD with huge price appreciationHi,
REC Ltd has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Disclaimer: Please consult your financial advisor before making any investment decision.
REC Ltd - Breakout OpportunityDate : 12-Jun-2024
Rating : Buy - Positional Trade - Buy above 524
LTP : Rs. 516.45
Targets: (1) Rs. 567 --> (2) Rs. 607 --> (3) Rs. 731
SL : Rs. 482 on daily close basis
Technical View:
• NSE:RECLTD is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 607.80 on 3-Jun-2024, it has retraced 33% to 408.30 level.
• On 12-Jun-2024, NSE:RECLTD has broke out from its secondary down trend with high volume.
• RSI is trading at 49.87 and MACD is trading at -1.29. Both are about to give bullish cross over. Hence, buy above 524.
• Looking good to start a new swing from here.
• All the above observations are noted in Daily Timeframe.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
REC LTDI'm not a SEBI registered analyst, Views are personal,not any buy or sell recommendations.
Today i found REC LTD,which has given breakout in Daily and retest completed,Based on volume and current price movement in the REC chart, I anticipate a short-term upswing. Please see the chart for targets and stop loss.
LONG setup in REC Ltd PSUAn 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 basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover