RECLTD trade ideas
Rec Ltd getting ready for big rallyIn weekly chart forming CUP AND HANDLE along with bullish flag.
If weekly close above 128 with good volume, then tgt can be expected around 170±
(short term)
REC LTDREC Ltd. engages in the provision of financial services. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities. Its services include loan for generation, transmission, and distribution projects. The company was founded on July 25, 1969 and is headquartered in Gurugram, India.
Short for target 108Expecting downside move in REC LTD. if price failed to sustain above 124 then possible the scrip can go for a target of 108 on down side.
This is for observation and not a trade recommendation.
RECLTD is forming head and shoulder patternIf stock not move in your direction hold it for long term. It gives >10% dividend yield. Plan for long term perspective
RECREC - Typical Wyckoff accumulation
A weekly close above red trend line can take the stock to 138 / 144 / 153 Levels.
REC looking strong.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 is that MFs have decreased their stake off late and the net cash flow of the company is decreasing. The positives of the company are that FIIs are increasing stake.
As mentioned dividend yield has historically been very high for REC. Net Profit of this PSU is increasing since last 2 years.
REC LTD - BULLISH ENGULFING 📊 Script: RECLTD (REC LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FINANCIAL SERVICES / NIFTY MIDCAP 50
📊 Sector: Financial Services
📊 Industry: Finance Institution
Key highlights: 💡⚡
📈 Script is trading towards upper band of Bollinger band (BB).
📈 Already crossover in MACD .
📈 Already Crossover in Double Moving Average.
📈 Double candlestick pattern BULLISH ENGULFING seen which indicate Bullishness in stock.
📈 Right now RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 105.45
🟢 Target 🎯🏆 - 114/117
⚠️ Stoploss ☠️🚫 - 100
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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#Recltd cash : Looks good around 121.50-122#Rec ltd cash -Positiaonal for 7 days
30 June 2022
Looks good around 121.50-122 at dips
for 130-132
Stoploss at 118
(Buy at dips or avoid)
Cmp 123.75
Buy opportunity in RECSwing buy REC
DMI Crossover and EMA golden crossover together make the buy signal in this set up.
Today's bullish candle with higher volume support provides the confirmation we need. Next session, the trigger to buy is above today's high.
Will update levels when its triggered
Trendline breakout with volumeTrendline breakout with volume. Can be good for safe short term swing.
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REC LTD entering in its past consolidated zone After a breaking down of consolidation and forming cup and handle in a daily timeframe, it has entered the same zone and may reach the top of the zone.
RECLTD - LONGBreakout in the trend line, basesd on your risk management go for buy
Safe traders wait for retracement buy @ 128 , aggressive traders buy @ 130
Buy RECLTD @ 139.85 stop loss 120 tgt 170 , more As we can see the Rec ltd is in range bound since long time and right now available near the lower range of the support . Risk to reward ratios are very good. stop loss only on closing basis
REC Looks Bullish For Long TermREC Buy at current level of 125 to 135
Stop loss 110
Target1 165
Target2 210
