REC ltd touched an ATH of 168.05 on 3rd May 2017. Since, it has been correcting and rising, thereby forming an inverted H & S pattern on daily chart.
An entry after a close above 126.5 is recommended for assigned targets of 138 and then 165.
A stop Loss of 116 on daily closing basis is recommended.
An entry after a close above 126.5 is recommended for assigned targets of 138 and then 165.
A stop Loss of 116 on daily closing basis is recommended.
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Target 2 achieved on 21-06-2023 !!
33% return from recommended Entry Price within 2 months.
33% return from recommended Entry Price within 2 months.
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As predicted the stock surpassed its last ALL TIME HIGH to reach a new ATH of 169.50
Target 1 achieved!!!!!!