REC LTD is trading in an uptrend with consistent Higher Highs and Higher Lows.
From past few days, price was falling and retraced till 128-127, which in past was a resistance area.
As of now the price is retesting the resistance area as new support, and I expect a bounce from here as trend is UPTREND.
On Daily Timeframe, we can spot a Morning Star Candlestick...
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
Happy Investing!
