We recommendated RECLTD looks positive above 208...
It achieved our both the targets 213 & 218
Look at the screenshot
Now what to expect ??
Technical View –
RECLTD
RECLTD
is finding support at 212 and resistance at 222. On weekly chart, RECLTD trading
above 21 and 55 days exponential moving average which is at 164 and 131
respectively while RSI and MACD too showing positive momentum which indicates
that upper side seems certain in it. Break and sustain above 222 will see
nonstop rally in RECLTD till 225---227 and then to 232++ mark in days to come.
Traders
don’t go for aggressive or positional selling at all because trend looks positive
and we expect rally to remain continue till 232+++mark in coming weeks. For
positional trade, stop loss seeing below 212 on closing basis which in unlikely
to breach in near terms.
Trading Recommendation
Buy RECLTD above 222 for the
initial upside target of 225--227 and then 232++ mark with stop loss below 212 on
closing basis.
More will update soon!!
