travellingtradermumbai

Bullish trade setup in REC Ltd

Long
NSE:RECLTD   REC LTD
There are 2 points to be noticed in the daily chart of REC Ltd
1. There was a breakout from the downtrend on 26th April
2. The resistance was broken on 2nd May but then we saw a selling pressure in the stock but the candle made today is a decent bullish candle and this could be a breakout as well.

Can buy for targets of 570 & 590.

Educational purpose only

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