Rec limited on a daily timeframe Inside bar setup Entry above 352 SL 330
According to fibonacci sl below 324. TARGET 364 ATLEAST
Price Action Strategy Principle: One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, Don't buy unless the price breaks the specified 'Buy' level. Trading Shorthands Positional: Suitable for holding positions...
##REC limited holding above 20-50-200 EMA and taking support at 108. CMP 114. Targets 123++. Weak below it's support.
REC LTD is in strong uptrend and currently it is taking support from the level that it broke as resistance and that level also aligns with the 61.8 fib level hence adding a strong confluence for our bullish trade.
NSE:RECLTD One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
After long bull run expecting some retracment here Fibbonnaci retracment one can see the mark level If such happens its good to buy at 0.5 & 0.6 level. As you seems stronger volume Education purpose for buying do your own analysis
NSE:RECLTD One Can Enter Now ! Or Wait for Retest of the Trendline (BO). Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
As said in earlier a a Analysis Recl had given high of 146.85 which is near 1.272 fibonacci resistance. Booking 25% profit is worth here.
As given in previous analysis, price target for h& s pattern for RECL is arround 187. As this view is on weekly basis target too can achieved may be 4 to 6 weeks. But there are many stops in between where RECL can revert. After 126 Rs break out Recl had moved 20 Rs ie 17 % . Normally stock mo e up 20 %, so 3 percent ie 3 Rs upside is remains. It is confirmed...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% Please consider these ideas for educational purpose Comment below if you are looking for any answers.
RECL had given break out of H&S pattern on monthly chart. Monthly chart are to be read as longterm view. Views on RECL are for next 6 month. Recl after giving life time high of 167 on May 2017, had corrected to Rs 60 in march 20. Till October 202 it retraced 0.382 Fibonacci level two times Makig it double top. From Oct 21 till May 22 it retraced to 83,which is ...
The scrip was witnessed a good bounce and now its registering some consolidation and the pattern is looking like a flag on a pole. Also price bouncing from 50% retracement of previous move. keep the scrip in radar
REC LTD is trading in an uptrend with consistent Higher Highs and Higher Lows. From past few days, price was falling and retraced till 128-127, which in past was a resistance area. As of now the price is retesting the resistance area as new support, and I expect a bounce from here as trend is UPTREND. On Daily Timeframe, we can spot a Morning Star Candlestick...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
*REC Ltd.* C&H Pattern: Yearly / Weekly Basis Price BreakOut – MultiYear / C&H Trendline. Good to Go!!! Vol. Consolidation & Continued BuiltUp. *With Upside, Trail SL* *Book Profit as per Risk Appetite* *Snapshot:* Estab. in 1969: A GOI owned *Maharatna* Co. An Infra finance co.: Power Sector Domestic Rating of “AAA”; International Ratings of Baa3 / BBB- :...