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Piyush-Gupta
May 14, 2022 4:34 PM

RECLTD - Looking weak with long term support broken Short

REC LTDNSE

Description

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
Comments
Piyush-Gupta
No, i don't check fundamentals for Intraday trade. Fundamentals are for long term investing or positional trades and have no relevance in intraday unless you want to trade result.
paryaal
By any chance did you bother to look at its EPS, P/E and dividend payments history?
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