REC Ltd - Policy continuity tradeWith majority consensus of Modi coming back to power...we can expect policy continuity.
REC will be a big beneficiary with lending to renewables..
Ideally long on any pullback to 521 or on a fresh breakout above 568..
Stoploss should ideally be 490 bt that's deep so maybe below 535.
RECLTD trade ideas
REC Ltd - Breakout OpportunityDate : 3-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 474.05
Targets: (1) Rs. 492 --> (2) Rs. 524 --> (3) Rs. 591
SL : Rs. 444
Technical View:
• NSE:RECLTD is in its primary uptrend since Jul-2023 and was recently going through it's secondary downtrend.
• After touching the high of 524 on 8-Feb-2024, it has retraced 21% to 414.55 level.
• NSE:RECLTD has broke out from its secondary down trend on 3-Apr-2024 with higher volume.
• RSI has crossed over 50 on 1-Apr-2024. MACD has crossed 0 on 3-Apr-2024.
• Looking strong to start a new swing from here.
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.
REC - Pennant Breakout!!!REC has shown pennant breakout. We can expect the price to move to 575-600+. Other factors:
1. Volume has started picking up again
2. RSI is bullish
3. MASD is showing bullish signs
4. Highest TTM revenue and profits
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
RECLTD bullish; above 523 ? - Thursday 2-May.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday.
"High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
Triple Top Breakout - RECLTD📊 Script: REC
📊 Sector: Finance
📊 Industry: Finance - Term-Lending Institutions
Key highlights: 💡⚡
📈 Script is giving breakout of Triple Top pattern of daily chart with volume.
📈 Today was the result date and numbers are pretty good.
📈 Trading at upper band of Bollinger band and giving breakout of it.
📈 MACD and Double Moving Averages are giving Crossover.
📈 RSI is around 70.
📈 Initially we may see some profit booking because stock was up almost 10%.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 551
⚠️ Stoploss ☠️🚫 - 488
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
REC Ltd - Mid & Long Term OpportunityDate : 15-Feb-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 483.35
Targets: (1) Rs. 524 --> (2) Rs. 572 +++
SL : Rs. 440
Outlook:
Recently, Indian government has announced “PM Surya Ghar: Muft Bijli Yojana” with Rs 75,000 cr investment with an aim to boost solar power intends to provide up to 300 units of free electricity every month to households which get solar panels installed. Targeting to install rooftop solar panels in one crore households. NSE:RECLTD has been designated as the overall program implementation agency for the rooftop solar scheme. NSE:RECLTD is expecting to cover at least 10 GW of its 40 GW target of rooftop solar installations by 2026. NSE:RECLTD has set a target of increasing its renewable energy loan portfolio to Rs 300,000 crore by 2030.
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.
Start of Downtrend - just after the fake out of channel patternWrong entries
1. Point 1 is not the right entry, because no candle crossed the breakout candle at point 1.
2. From 2 to X , we can think of entering in the trade in buy direction. We should never do that, because market is still in downtrend. It never broke the previous high, it is just moving in upward direction to reach supply zone, so that it can fall more.
3. Around point 3, we have blue consolidation area. After consolidation at point 3 we get a huge upside move - but we should not enter in the trade, because market is still in the downtrend. That huge move is just for taking price to next supply zone, ie at point 4.
4. There is a possible entry for upside move at point 5, but we should not enter here, as market is still in downtrend , so we should just wait for market to reach supply area, ie at point 6.
At 6 we can again short market
Exit the trade: we should exit the downside trade, as soon as market reaches the previous low.
RECLTD Analysis & PredictionThis is the analysis of RECLTD in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About RECLTD :
REC Ltd. engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The company was founded on July 25, 1969 and is headquartered in Gurugram, India.