RECLTD has broken is long term support at 116 and given a weak closing with volume. For Monday, if this trade below 113 for 15-20 mins, then it can give intraday move.
In case of gapdown, wait for retracement back to 113-114 level before taking again at dip below 113.
In case of gapdown and no bounce back to above mentioned level, ignore it
Thanks
Piyush...
can short below 124 in Intraday safe entry will be 122
for swing short trade wait for daily candle close below 122
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will...
Your risk is your risk, none of my risk.
REC LTD forming inverted H&S pattern, breaking 141 upsides will yield targets of 143, 145, 150,155.
If it closes below today's close, short positional for 135, 125, 115.
Head & shoulder pattern breakout... Go long upto 3% with a stop loss of 1.5% on daily basis candle close.
Note :- Education purpose only,... Not a call
Hello, I found this Divergence which is bullish for the stock
reason 2 took support from 450 sma and reverses upside.
purely indicator base setup this is but reasonable to take entry .
View Negates below 125 clbs.
