It has been observed that the price action is consolidating within a downward channel. Now, the price action has reached to the support zone and also touching the support of the downward diagonal. On such zone, buying can be seen which shall further move prices up.
As per my analysis, RECLTD is undervalued at current levels. It is providing good investment opportunity.
Trade Targets: T1- 134 T2- 140 SL- 122
Investment Targets T1- 150 T2- 175 SL- 115
Trade active
Comment
Valuation Facts: PE: 4.90 (Below Industry Average) Book Value: 188 (45% Discount) P/BV: 0.68
Comment
Trading SL revised to 120 levels due to market volatility.
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