Chart Idea – REC LTD
Technical Analysis:- Stock is trading in a consolidation phase and ready for a fresh breakout. Stochastic oscillator showing positive buying in it. The stock has its support at 128 and resistance at 135 levels. If price breaks and sustain above 135 then it could test 144–150++ levels in days to come.
Based on the daily chart study, traders and investors can go for buying above 135 in REC Ltd. for the upside target of 144++ levels with stop loss below 128 on a closing basis. Trade with the levels only.
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