RiderTrader
Long

REC - Cup breakout?

NSE:RECLTD   REC LTD
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.

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