Monday, February 25, 2013

REC long Term Pick


RECLTD changed its trend after seeing some reforms coming in power sector.
It is trending in upward channel making rounding bottom.
Stock found a support at bottom of the upward channel.If Investor have a patience, one can go long in it to see good profits.

Short Term:

Stock is going to move in upward channel with more volatility with support being at 230 levels. Crossing above 255 with volumes may take stock very sharp towards 285 levels.

Long Term:

Stock is good for portfolio. Technically stock is moving in an uptrend and in future we may see the levels of 332/366/415

Have a strict SL at 228

1 comment:

  1. Stock broke down the SL 228 and dripping down. Stock broke down its HnS pattern and dripping down. Traders can go short rather long on the stock for now.