In September 2023, We recommended to buy the stock and reason was it was undervalued and had multiyear consolidation which is strong sign to long....
After that It has given huge 180% return in matter of few days .......
Now, we have updated and you can see the technical analysis ... It may retest for a while so better to be away until retest ....
All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
1. Triangle formation in sideways for more than a month.
2. Price and volume contraction during this span.
3. Breakout at around 450 on upper resistance line
4. Prior uptrend to continue
REC
A decade long consolidation likely to break.
On valuation front: the PSU is undervalued with PEG of 0.36 and 0.63 times book value.
Technically
On Monthly charts H&S pattern formation happening breakout will likely to take the stock to 195 as T1
Decade range breakout will have T2 which can take the stock to 225
CMF Shows accumulation forming in the stock...
Consider this as my own diary and not as a buy/sell recommendation service. I don't advise
pull back trading opportunity
entry above the loping line
stop below the line
pull back entry
short term swing trading opportunity
REC Ltd. looks like a good buy for Short to Medium term.
Even after today's fall, REC is still on it's trendline support and has not broken it.
The support for after today's profit booking is at 400 (Black Line).
Potential Targets of upto 480 with a stoploss of 337.
Here are the details-
Support level- 400.
CMP- 404
Target- 480
Stoploss- 337
Let me know what you...
Expecting Impulse move
1. ABOVE 277 will be bullish
2. STOPLOSS - 257
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
This is for Educational purpose.
I took a swing trade in REC Ltd, which increased by 130% in just 5 months. I bought it for 145 and sold it for around 295, resulting in a 100% profit. Currently, the stock has moved more than 330.I mention this because it highlights the importance of selecting the right stock at the right time, setting appropriate stop-loss levels, and being able to earn...
This charts is highly overbot, I'm not comfortable with this type of levels for longer term investment purpose.
My best levels of profits booking is 320/325
I don't think today after concall this levels break up
I'm excited now completely
A Govt of India enterprise provides finance to power sector. Eventhough high debt is one of the biggest threat for its forward movement ,increasing profit over last few quarters is a good sign. Its Moving through a strong resistance band now. Also a 1 year long cup and handle formation is also seen in charts. Company is nearer to its multi year high. Expecting a...
