Recstrong support around 240 on rising trendline if holds above can move back towards 280-290 level incoming weeks . view fails on strong breakdown below 240 level.
RECLTD trade ideas
Short REC LTDShort below 269
SL: 285 Target: 243
The reason behind the trade
Shooting star formation
Negative divergence on daily
Trend based fibonacci resistance level
REC Bullish HarmonicRec is in the process of forming a harmonic.. a little late to share but can buy in 236-238 range with 234 stop loss for minimum 254
INTRADAY TRADE FOR TOMORROW If Stock opens Gap up or Gap down from the buy price please Avoid trade
DISCLAIMER:- I'm not SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
REC ! Take it Easy. Consolidation at Top.
Breakdown is witnessed.
Disjoint Channel spotted.
Lower High Lower Low formation
Trade-26/100-REC-R:R Experiment-BuyBuying REC in DAILY positional trade
Good structure making HH-HL.
REC 190 ?- a head and shoulder can be seen in rec ltd
- consolidation in range of 4800 days
- target is around 190 as per flag and pole
Decade long breakout in RECJust like PFC, REC is also giving a long breakout after trading in a triangle for more than 10 years. Ofcoz we can see there was a fake breakout in May 2017 and it moved into channel immediately afterwards. But this time around, the breakout looks more genuine. Again I expect it to go beyond 800 over the next few years. Great thing about stocks like REC and PFC is they have huge profits every year and give around 5-7% dividend yield even at current price. This compounded with decade long breakout is a huge plus.
REC - Wedge breakoutA stock which has enough and more visibility for growth going ahead..
Long above 200.50 with a stoploss below 190.
There is a wedge breakout. Its also a good name to hold for longer because of the dividend payout the company gives.. (Close to 7% div yield)...
REC Weekly BOREC looking strong for more upside with weekly BO_wait for tomorrow close (weekly close)
RC LTD - BreakoutDouble bottom breakup is a bullish sign.
Try to utilize the swing opportunity.
Thank you,
Purus.
REC - sell on risesell from cmp to 170
sl close above 170.5
easy tg - 166.5
tg2 - 164
Disclaimer : This is my personal analysis for study purpose not intended for trading.
REC - buy on dipsBuy from cmp to 165
sl close below 164.3
easy tg - 167.8
tg2 - 169.5
Disclaimer : This is my personal analysis for study purpose not intended for trading.
REC Ltd - Resistance breakout - 33% upside potentialREC Ltd has given breakout above 125 levels which has been resistance since Jan'19.
Target 1: 140+ (short term)
Target2: 165+ (medium term)
Target 3: 270+ (long term)
SL: Daily candle close below 125 levels.
#Long on REC Ltd (Inverted H & S pattern formed)REC ltd touched an ATH of 168.05 on 3rd May 2017. Since, it has been correcting and rising, thereby forming an inverted H & S pattern on daily chart.
An entry after a close above 126.5 is recommended for assigned targets of 138 and then 165.
A stop Loss of 116 on daily closing basis is recommended.
REC - buy on dipsBuy < 162 upto 160.5
easy tg 165
tg2 - 168.75
tg3 - yours
Disclaimer : This is my personal analysis for study purpose not intended for trading.
RECL UPDATERecl heading to 3rd target. As said Recl is nearing the fibonacci extention level of 1.618
Afetr touching all time high,it is retracing.how ever it has potential of breaking the channel
to touch other two targets.
this is for educational purpose ,
not any recommendation to buy and sell.
let us see after retracing it rises or not
to break the channel .
or its rally is done.
RECREC
T1- 135
T2- 161
SL - 96
Time frame - Monthly
Study - Symmetrical Triangle pattern (Continuation Pattern)
This chart is only for educational purpose.
