REC LTD LONGWe have seen volume spurt in hourly candle of 28-11-22. Stock is showing increasing trend since couple of weeks. As per the Elliot wave analysis stock can go up to 132 in next month itself. Stock is having PE ratio of 2.82 and PB Ratio of 0.58 only. Company is Maharatna status in PSU unit.
RECLTD trade ideas
REC - DAY CHART - 27.10.22 - DIVIDEND - BAHAVAN CAPITALREC Ltd board has approved and declared an interim dividend of 5 per share for the financial year 2022-23
and the record date for the said interim dividend is Wednesday, November 9, 2022
and the said interim dividend shall be paid/ dispatched on Thursday, November 24, 2022.
This stock is expected to move up.
Happy Profitable Trading to All
Watching buying opportunity in RECLTD in intraday for today.At daily candle RECLTD has come to a demand i.e. previous swing for the first time and broke falling wedge pattern upside, so we can see a bullish moment from this point as it is protecting previous low, it could go for higher high now. it is good for intraday trading for today. NSE:RECLTD
Resistance BrokenREC Ltd broken a resistance of nearly 8 months and close above 107. I am picking this stock for both investment as well as short term trade. Reasons for picking this trade are :
1. Broken a trendline resistance
2. Good amount of OI added.
3. maintaining consistent numbers in Quarterly results.
4. Giving a rich dividend yield consistently.
This trade is for educational purpose
REC LTD - BULLISH ENGULFING 📊 Script: RECLTD (REC LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES / NIFTY MIDCAP 50
📊 Sector: Financial Services
📊 Industry: Finance Institution
Key highlights: 💡⚡
📈 Script is trading towards upper band of Bollinger band (BB).
📈 Already crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Double candlestick pattern BULLISH ENGULFING seen which indicate Bullishness in stock.
📈 Right now RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 105.45
🟢 Target 🎯🏆 - 114/117
⚠️ Stoploss ☠️🚫 - 100
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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REC Ltd (RECM) TARGET 106 120 128REC Ltd (RECM) TARGET 106 120 128
Hi REC Ltd (RECM) day chart. Fibonacci Retracement Levels crossed 50% so strong upside.
increase in volume and price with momentum yesterday. open interest increased to 40.82%
stock split today 18th Aug. so time to accumulate to long. good dividend stock.
Positional or Longterm Opportunity in RECGo Long above 118.8 for Targets of 127.95, 137.1, 146.25, and 155.4 with SL 109.65
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.