Stock Analysis: Recltd has formed flag pattern it is good buy around current level however it is expected to see bigger movement when it is cross the supply zone with given demand level as stop loss for the given target and percentage on the chart. Let's see
Half quantity can be bought now and the other half after the retracement towards 130 if happens.
Strong share as volumes are good and BOTH FII AND DII holdings have also increased.
SHOOT YOUR QUERIES IN COMMENT SECTION.
L O N G T E R M T R A D E
DATE: 20 MAY 2021
TIME FRAME: DAY
BUY ABOVE: 142
STOP LOSS: 140
TGT 01: 146
TGT 02: 148
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
Leave a comment...
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks/months to reach the target.
The image is self explanatory.
Range for entry, SL and Target is shown in image itself.
This analysis is for study purpose.
Traders must do their own study before entering...