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
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