Piyush-Gupta

RECLTD - Looking weak with long term support broken

Short
NSE:RECLTD   REC LTD
RECLTD has broken is long term support at 116 and given a weak closing with volume. For Monday, if this trade below 113 for 15-20 mins, then it can give intraday move.
In case of gapdown, wait for retracement back to 113-114 level before taking again at dip below 113.
In case of gapdown and no bounce back to above mentioned level, ignore it

Thanks
Piyush Gupta
Learn & Earn

Telegram t.me/priceactionchart
Automated Stock Selection TG : t.me/PriceActionChart_TechHub

Only way to succeed in stock market is by learning Price Action.

WhatsApp : 9717077198
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.