It has been observed that the price action firstly breaking above the downward channel and now initiating to form a higher high and higher low sequence indicating a reversal in the price action.
As per my analysis, price action shall further move up to the below targets.
It has been observed that the price action is consolidating within a downward channel. Now, the price action has reached to the support zone and also touching the support of the downward diagonal. On such zone, buying can be seen which shall further move prices up.
As per my analysis, RECLTD is undervalued at current levels. It is providing good investment ...
It has been observed that the price action consolidating on higher levels and then breaking out on downside indicating a strong selling pressure at higher levels. Now, it shall further corrects the previous upward move.
SL - 625
It has been observed that the price action created a double top at 10880-90 zone and then fall further and now facing resistance at 10850-60, indicating further weakness and trending down sequence.
It has been observed that the price action facing a strong selling pressure at the resistance zone of 730-740 levels, which is indicating further weakness ahead. It has also observed that the price action also forming a range for past few months, which may likely to continue here on.
It has been observed that the price action rallied a long wave up. It made a new high but could not sustain and now indicating further correction from here on. MACD indicating a negative crossover too.
It has been observed that the price action is strongly trending up for past two years. Now, after a big rally up, it is consolidating in a triangle pattern and a breakout above it shall further bring upside rally.
Market Cap: 4328 Cr
Face Value: 10
Book Value: 175
ROCE (5Yrs): 107%
It has been observed that after a sudden huge gap up, the price action came down gradually and covered the big gap. Now, it is striving to breakout from the downward trend line in order to revive the trend.
It has been observed on the monthly chart that the price action is forming a higher high, higher low sequence indicating a strong breakout from a current resistance zone of 140-150 levels. It has a strong fundamentals to support the next move up.
It has been observed that the price action was trending up and then corrected sharply within a downward channel and now it is breaking above the channel indicating a further continuation move to 340 plus levels.
It has been observed that the price action trading in a range for a while and now it has again reached to the bottom of range where a revival is expected. Once closes above 56 levels then it shall further rally up.
It has been observed that the price action is trending upside with short correction after every upward move. Now, the current short correction seems to be over with the current breakout.