REC Ltd Rising TriangleREC Ltd forming a Rising Triangle with resistance of 117.
Longs can be initiated with crossing of 117 on back of high volumes.
SL can be the low of crossing candle, with Target1 of 128 & Target2 of 146.
RECLTD trade ideas
RECA downward trendline broken and retest successful and as of now PSUs in focus.
Entry for a swing trade.
Targets: 168-182
Falling wedge Recltd very good buy around 125 to 135 for long term target given on the chart..
let's see..
Recltd - Bullish WolfewaveRecltd has bullish wolfewave on 15 and 30 mins timeframe, Target on chart...
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
REC - Trendline Respected 4 timesREC - The multiyear T/l respected 4 times now. And all at the times when the RSI also made peaks.
DISCL Not a SEBI Registered. I post charts for my own study.
RECLTD - Weekly analysis RECLTD has been on a long term uptrend since 2008.
Price action has been printing an ascending channel.
Price is approaching the channel resistance.
REC dats healthy breakout. It seems REC just closed above its tri-Ressistance level and entered into it's old consolidation zone. From here it can shoot to 150+
- Trading Below it's Book Value.
- CMP is less than Intrinsic value.
- Amazing growth in Revenue n in NP.
- LT bet for dividend Seekers.
Big Breakout REC Ltd.REC closed above long weekly trendline, Nice Breakout moving towards 155 levels....
REC Ltd, Long Term Stock for greater gains with VGood DividendsREC Ltd, Long Term Stock for greater gains with VGood Dividends
BUY RECLTD above 119.45 . very good weekly breakout . buy recltd above 119.45. weekly as well as daily breakout .
RECLTD - LongRECLTD CMP - 104.30
Looking bullish in higher time frame. One can go for Intraday trade setup with the following entry, exit & targets
Buy at or above ONLY 105.5 / Stop Loss 100
Target 1 - 107
Target 2 - 108
Target 3 – 109 / 110
Disclaimer: This is my view and for educational purpose only.
RECLTD - Double TopRECLTD has double top pattern on daily chart and also broken the neckline , It might test neckline which is 98.50, so short from 98.50 will be good idea.Also has Bullish crab whose PRZ is at 87.40. Targets on chart...
REC LTD (AN INCOMING BREACH OR REVERSAL WITHIN THE TRIANGLE ?)REC LTD has been consolidating for a while now. It has formed a pretty big triangle and is currently hovering around the triangles support line. Any breach of the same should take the stock lower around 100 levels. However if the trend line within the triangle is breached the price should continue within the triangle moving upwards. A trade on the breach is a much more comfortable of a trade since a reversal may or may not give the same expected move as the breach towards the downside.
Either way it would depend on your ability to trade it, for example a breach towards the down side can be traded intraday as well as on a swing basis depending on the movement however an upward breach might only be an intraday trade.
Keep an eye should be an interesting week for the stock.
REC Ltd. REC LTD. has made symattrical triangle pattern & ready to give breakout above Rs. 110.75
target -117
