[HP] RECLTD Short IdeaPrice 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 with expected minimal sharp volatility. Assessment based on upcoming events and various factors.
Intraday: Positions must be closed by the end of the day.
Theta, Bounce, 3BB, Entropy: My unique trading systems.
Personal Trading Approach
I do not strictly adhere to rules. If a trade seems unfavorable, I might take a contrary position or extend an intraday trade. Follow the systems I share, not my actions.
Risk Management
Stop Loss for Intraday Trades: Typically at the Day's High.
Stop Loss for Positional Trades: Generally at the level of previous swings.
I often manage risk through options in derivative trading, instead of a traditional stop loss.
RECLTD trade ideas
RECLTDNSE: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 loss, Shared for Educational purpose
Resistance Breakout
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
RECLTDNSE: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!
RECL : RESPECTING H & S PATTERN 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 by Fibonacci extention level 1.272. So point is RECL is approaching resistance (short term).
RECL stock if we see in daily chart, it jump 10 to 10 to 15 Rs in 2 ,3 days settle there for next 2 3 days and again come down 10 Rs. This range is maintain for 2 to 3 weeks and then break out. Point here is book 25% profit near 147and re enter
136 to138. If it move above e 147, it can go up to 155. as it is 1.414 fibonacci level book another 50 % of remai ing and re enter at 145 again. Don't sell all as it 8s n9t necessary that recl should maintain its past moves.
RECL : break above h&S pattern on monthly chart.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 0.382 of move from 60 to 126. In April 23 it finally broke resistance of 126 which was double top and went up to 144 there by treading abovr neck of I verted H&S pattern. Target is calculated distance from head to neck and is added to neckline value which is 60 point added to neckline value which is 126+60 = 186. AS per Fibonacci target is placed at 168 ( 1.618 extention value.).
WHEN TO BUY.
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On monthly chart candle stick pattern is indecisive. 20 da Ema is at 107 and neck line is at 126. So one can buy now and add at q26 and 116. Risky investors can buy at current level as yesterday it went up with volume.
This stock are for investment purpose , and not for trading.
REC LTD - BULLISH CONTINUATION | 5-7% UPSIDE POTENTIALREC 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 Pattern which is a Bullish Reversal Pattern. This pattern gives us a confirmation that broken resistance is now being held as support and now price may bounce and go high. (but no confirmation is guarantee)
Also, on 1Hour Timeframe, we can spot a Double Bottom pattern which was broken out and retested as well, which is another confirmation to initiate a buy.
TRADE EXECUTION:-
Entry- around 130.8
Stop Loss- Below 127.5
Target- 137
Let me know in comments section if you want me to analyse any other Stock, Index, Forex Pair, Commodity or Cryptocurrency.
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING.
Triangle pattern BreakoutPlease 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.*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- : Moody’s / Fitch.
Now lending to Infra / Logistics sector also. Diversifying Loan Profile.
High Dividend Yield Co. Improved RoA/RoE/RoCE for FY22 vs. FY21. Manageable ALM.
Improved GNPAs / NPAs: 3.6% / 1.1%. CAR / Tier I CAR: 25.00% / 22.04% (Dec’22)
O/s loan book Exposure: Rs.4.11 Lac Crs: 90% / 10% :State / Private sector (Dec’22).
*Concern:*
Major concentration: Power sector.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)
REC BreakoutTraders, 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 strong bullish trend. Finally, the recent all-time high breakout is a clear signal of the stock's upward momentum.
While there is no guarantee that this stock will continue to perform well, it is certainly worth keeping on your radar. With careful analysis and a well-planned trading strategy, this stock could present a profitable opportunity for traders looking to capitalize on the current market trends.
Remember to always trade with caution and to carefully consider your risk management strategy before making any trades. Happy trading!