REC LTD can break againREC LTD can give a nice up move good for swing and positional trades only if sustains above 470
ENTRY above 470
Stotploss at 460
Targets at 480,500,520++
Note: if any trade or value has gone from the place we decided to enter then thats not our trade wait for it to come back or let it go
I am not sebi registered this is my personal view
RECLTD trade ideas
RECLTD About :-
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.
Simple Price Action
Formed multiple InsideBar in weekely Time frame
Gave Powerfull Breakout Of Imultiple inside Bar.
Looks Good For short term investment
Trading at 470
Keep sl at 348
Target can be 540 / 663 / 870 / 1095 / 1320
Disclaimer :- script disscussed only for education purpose. It is not any recommendation to buy or sell. You will be fully responsible for your profit and losses. If you have any question about my analysis, you can whatsaasp me on 9730763736.
Rec LtdIn 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 ....
#REC #Inverted H&SREC
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 and thus volume breakout likely
REC Ltd. AnalysisREC 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 think about this.
RECLTD 130% MOVEI 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 significant profits regardless of market conditions.
"Follow this profile for more swing trades like these to ensure you don't miss out on profitable opportunities."
Remember
"Success in swing trading relies on careful analysis and selecting the right stocks. Remember, it is not about being right, but about being profitable. Choose wisely and trade smart."
RECLTD - Multiyear Break out SoonA 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 50% moven within an year .
REC 30 Min TFFibonacci retracement and extension
Fibonacci retracement and extension is a technical analysis tool that uses horizontal lines to identify potential levels of support and resistance in an asset’s price movement. By plotting the price swings from high to low, traders can use the Fibonacci ratio of 23.6%, 38.2%, 50%, 61.8%, and 100% to forecast where the price may retrace or extend to. The Fibonacci retracement levels are used to determine the support levels, while the Fibonacci extension levels are used to identify potential profit-taking levels.
REC LTD Setup ready to go longLong REC LTD above 250 for the long-term target. The stock has been in an uptrend for a long time & a small correction or pullback period has been over. Stock is trading near 50 EMA. levels of 300+ can be seen in the coming days.
This is for your educational purpose only.