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- :...
Rec has given fresh breakout in weekly chart as we can see it was consolidating between 60 to 130 zone from 2018 to 2023 It has formed inverted Head&Shoulder in weekly chart RSI above 60 in all time frames
>> High Dividend stock. Dividend yield = 12.4% >> Momentum pick, but concerning that its a High dividend yield stock, indicating for tougher times to come.
REC Limited has given a strong breakout in weekly time frame.
Traders, keep an eye on this good looking stock that has recently displayed a series of consolidation patterns, is trading above all key moving averages, and has broken out to new all-time highs. The series of consolidation patterns can be an indication that the stock is gearing up for a significant move, and trading above all key moving averages can suggest a...
REC Ltd. C&H Pattern on Weekly Basis. Price BreakOut & Sustained. Good to Go!!!. Vol. Consolidation & Continued BuiltUp. With Price Up, Trail SL. Book Profit as per your Risk Appetite RSI: 15M>1H>D>W>M. Do Your Own Research as well. Happy Investing 😇
REC is testing patience but now it seems consolidation at lower timeframe is complete. Daily closing above 125 will trigger a quick move towards 138-140 zones .Good Risk to Reward setup for May month.
REC Limited is a Maharatna PSU under the Ministry of Power. Company business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution. CMP- 117.10. Negatives aspect of the company is FIIs and MFs decreasing stake. Positives aspect of the company are zero promoter pledge, improving annual net...
Multi year BO. Go long. RR 2:1. SL 105 cvbbjuttg huibv hhjhhft huiij
This scrip has been chosen For short Term Pick as it is on the verge of trending Breakout. So traders keep this scrip on your radar to catch the momentum. Thanks to All ..
In weekly chart forming CUP AND HANDLE along with bullish flag. If weekly close above 128 with good volume, then tgt can be expected around 170± (short term)
REC Ltd. engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The company was...
Expecting downside move in REC LTD. if price failed to sustain above 124 then possible the scrip can go for a target of 108 on down side. This is for observation and not a trade recommendation.