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...
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...