REC Ltd. REC LTD. has made symattrical triangle pattern & ready to give breakout above Rs. 110.75
target -117
RECLTD trade ideas
REC - Cup breakout?REC
Cup and Handle in progress
Two possibilities
Buy when trendline of handle breaks out.
or
By above 100 day price of 117.4
So a buy around 118 can expect a move for 12 rs
Watch for Volume when 118 is broke.
Else i dont see much strength in move.
RECLTD
REFER TO THE ABOVE CHART IT WAS GIVEN EARLY AND IT AGAIN REVERSED FROM OUR LEVELS AND KNOCKING ON OUR ENTRY LEVELS
ENTER ABOVE 107.50 FOR 110 AND 112 FOR UPSIDE MOVE AND BELOW THAT THE DOWNSIDE LEVELS
THINK B4 TRADING DERIVATIVES, LOT SIZE IS BIG, KINDLY TRAIL THE STOP LOSS.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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R-0055 Intraday Cash Buy RECLTD @105.50-106.5 SL 104.2 TGT 110Intraday Cash Buy RECLTD @105.50-106.5 SL 104.2 TGT 110
TK cross over and crosses VWAP so it has good volume support as well so go long for short term or intraday.
R-0030 Intraday Cash Sell RECLTD @103.2-103.75 SL 105.7 TGT 99.5Data looks on negative side followed by TK cross at 108 so keep SL around that or at 105-106 and go short.
RECLTDThe script has beautifully stopped at its support of 107, from here it can deflect on any side, but the sl on either side is gonna be small, so can play on both side for the move.
Chart is self explanatory with moves on both sides.
Rural Electrification Corporation - Breaking out of Key zonesRECLTD is reacting to a Strong Support level @ 127 level. The price began to trade in a Range at this level, which indicates an incoming Buying Pressure.
Also, the price managed to close Above the 132 Resistance Level, which also indicates the Buying Strength.
So, we can Expect the price to continue in its newly established trend.
A break down below 122 levels could move the price further down. Until then, RECLTD is in Buying mode
REC Ltd.Price currently in up-trend, so trading in the side of the trend. Worst case if the stock is going to peak out here, it is less likely to fall straight line, so in a worst case, price will turn back from around 130.
NSE:REC Sell For 05 Nov 2018REC Sell initiate for 05 Nov 2018 using 1 hr. chart based on Fibonacci levels,
check below Sell level
Sell Below : 117.55
Stop Loss : 119.8
Target : 116.7
REC may slide further down below 111.After making doubleTop pattern , stock is making lower high ,which in turn indicating structural weakness in stock .
REC may slide further down below 111.
this is for long term, chart is in weekly candle stick.Go short now. wait for Bounce as predicted. details on the image . stop loss is below 75.55
