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REC Limited

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RECLTD trade ideas

REC LTD (AN INCOMING BREACH OR REVERSAL WITHIN THE TRIANGLE ?)REC LTD has been consolidating for a while now. It has formed a pretty big triangle and is currently hovering around the triangles support line. Any breach of the same should take the stock lower around 100 levels. However if the trend line within the triangle is breached the price should continue within the triangle moving upwards. A trade on the breach is a much more comfortable of a trade since a reversal may or may not give the same expected move as the breach towards the downside. Either way it would depend on your ability to trade it, for example a breach towards the down side can be traded intraday as well as on a swing basis depending on the movement however an upward breach might only be an intraday trade. Keep an eye should be an interesting week for the stock.
NSE:RECLTD
by vinayak.mohta5
RECLTD REFER TO THE ABOVE CHART IT WAS GIVEN EARLY AND IT AGAIN REVERSED FROM OUR LEVELS AND KNOCKING ON OUR ENTRY LEVELS ENTER ABOVE 107.50 FOR 110 AND 112 FOR UPSIDE MOVE AND BELOW THAT THE DOWNSIDE LEVELS THINK B4 TRADING DERIVATIVES, LOT SIZE IS BIG, KINDLY TRAIL THE STOP LOSS. ****************************************************************************************************************************************************************** Hi all, Its pleasure to have you all here. I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side. Few Honest Disclosures: 1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please do your bit of research. 2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all. 3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity. 4. To trade in Cash, options or futures is your sole choice and your own risk 5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results. 6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts. ***********************************************************************************************************************************************
NSE:RECLTD
by akkshay11
3
Rural Electrification Corporation - Breaking out of Key zonesRECLTD is reacting to a Strong Support level @ 127 level. The price began to trade in a Range at this level, which indicates an incoming Buying Pressure. Also, the price managed to close Above the 132 Resistance Level, which also indicates the Buying Strength. So, we can Expect the price to continue in its newly established trend. A break down below 122 levels could move the price further down. Until then, RECLTD is in Buying mode
NSE:RECLTDLong
by VishwaTTL