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 Average.
📈 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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RECLTD
Flag Pattern Channel BreakoutStock Analysis: Recltd has formed flag pattern it is good buy around current level however it is expected to see bigger movement when it is cross the supply zone with given demand level as stop loss for the given target and percentage on the chart. Let's see
Happy Investing!
RECLTD ::: BULLISHL O N G T E R M T R A D E
SIP TRADE
DATE: 20 MAY 2021
INSTRUMENT: RECLTD
TREND: BUY
TIME FRAME: DAY
CMP: 141.80
BUY ABOVE: 142
STOP LOSS: 140
TGT 01: 146
TGT 02: 148
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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RECLTD - Breakout and retest - Positional TradeThis analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target.
The image is self explanatory.
Range for entry, SL and Target is shown in image itself.
This analysis is for study purpose.
Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study