PERFECT RESISTANCE TRENDLINEREC here is the perfect example of resistance on the weekly chart of this stock anyhow it gives a breakout on that resistance and closed on above that trendline resistance so we can see coming upside rally in this stock and taking next resistance as a trading target with simple price action based strategy in this counter. Happy investing and trading guys with Trading view.. #TRADINGVIEW
RECLTD trade ideas
REC LTD 125 Above Buy Now 1st Target 140 , 2nd Target 170 open.......
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REC LTD 125 Above buy now 1st Target, 2nd Target 170 open....
Newcomers to the stock market are offered high returns with low investment without much risk.
95% of the percentage is guaranteed.
Free advice is given.
Take a look at the history of our channel.
If you like, stay, if not, don't.
Please don't do it when you have no experience
We provide :
Nifty BankNifty Stock Options Futures Intraday Equity Swing Short Term Cash Positional BTST FINNIFTY
#stockmarket #trading #sharemarket #optionstrading #stockstowatch #india #business #investment #market #trader #daytrader #investor #money #investing #sensex #nifty #daytrading #stockexchange #Charts #Supportlevels #TechnicalAnalysis #telugutraders
REC Forming Inverse Head and Shoulder Pattern, Will it work.?It has always been interesting to see a dividend paying stock at its crucial long term resistance zones. Big people do not consider it a worth "buy" at higher levels.
But why?
- Dividend paying stock are not for growth, as major chunk of company's profit goes into dividend payout.
- Dividend yield, which become lesser and lesser at higher levels. So why would one invest in a stock which is not likely to grow much and the dividend he is receiving is far lesser than Fix Deposits.
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Now it a clash of technical analysis and fundamental analysis.
Technical Analysis says buy strength, go with trend buy above resistance level.
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On other hand fundamental analysis consider company's cash flow, valuations and expected future growth.
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Every time I see market it teaches me a new thing a new lesson some are sweet some are bitter. I am open to new ideas and not rigid on past experience and saying. In TA we believe that history repeat itself but believe me if you closely observe enough, you will see every event in itself it is completely unique.
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Hope you enjoyed this post thanks for reading.
REC LTD Suppot Break Trenline breakout in REC LTD
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 4-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 116
Target Price 121.50
Note:- I am not SEBI Registered This Trade is only educational Purpose
Time to book your profits between 118 to 124 in RECIt's time to book your profits between 118 to 124 in REC. This stock is under a 52 week high and there is not any big news besides Jefferies buying. Investors can book your profits if you want to hold, you can hold your profit value. Book your margin value.
Note : This is purely based on technical analysis and my knowledge. Just intent to share my knowledge.
REC LimitedRECLTD:- Stock has tried many times to give breakout but coming back from resistance, it has become resistance weak after touching again and again, now if breakout is given then it can go up, keep your eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.