REC LTD has breakout small resistance TGT up to ATH and this is only for educational purpose
REC Limited is a Maharatna PSU under the Ministry of Power. Company business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution. CMP- 117.10. Negatives aspect of the company is FIIs and MFs decreasing stake. Positives aspect of the company are zero promoter pledge, improving annual net...
REC CMP 113.50 Buy for target 130 Budget Special stock Investment pick
Entry / Compounding / Averaging in REC can be done after closing above 110.5 closing. The target for REC will be 116.9 and 124. The Dividend yield of the stock is staggering 12% at CMP. Stop loss in the stock can be maintained at a closing below 97. Valuation of the stock is affordable as the stock is trading at a PE of 2.8. The negative aspect of the company...
Future discount..... 135ce 140ce strong resistance....... mp 125 today cmp 125.70... but if not sustain here... then 115 110 105..... if slowly slowly upmove then target 168...
RECLTD has been on a long term uptrend since 2008. Price action has been printing an ascending channel. Price is approaching the channel resistance.
It seems REC just closed above its tri-Ressistance level and entered into it's old consolidation zone. From here it can shoot to 150+ - Trading Below it's Book Value. - CMP is less than Intrinsic value. - Amazing growth in Revenue n in NP. - LT bet for dividend Seekers.
REC is almost at the bottom and will then completed a ABC pattern. Might have good profits to come.
REC- Long at the Demand area. SL = 137.68 , Entry =139.08, Target = 143.39
1.) 50MA is crossing 100MA 2.) It has broken resistance at 173 convincingly Looks all set to touch 198
Great descending triangle setup. Watch out for an explosive breakout. There's been accumulation against the selling from removal in MSCI-0.77% index EEM-1.80% . multiple springs from 162