Idea#3 Opportunity in REC LTD(Rural Electrification Corporation)

One can keep a watch on REC LTD(Rural Electrification Corporation) to create long or short position. REC LTD currently trading in downtrend slopping channel and near to its bottom line. It survived to close above the bottom trend line even after yesterday's huge downfall, which indicates some positive in this script. Below are the level's you can keep in your consideration while making any long or short position:

Buy Side Stats:
CMP: 106.45
Make a long position above 106.50 with the SL of 105

Short Side Stats:
CMP: 106.45
Make a short position below 105 with the SL of 106.50

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This script can give a good move either side.. keep close watch

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