REC- Long at the Demand area. SL = 137.68 , Entry =139.08, Target = 143.39
BOOK PARTIAL AT 1:1
Similar set up in VIJAYA BANK
1.) 50MA is crossing 100MA
2.) It has broken resistance at 173 convincingly
Looks all set to touch 198
REC has formed 7 year long corrective flat...which is in ending stages.....
Great descending triangle setup. Watch out for an explosive breakout.
There's been accumulation against the selling from removal in MSCI-0.77% index EEM-1.80% .
multiple springs from 162