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REC LTD Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong support at current levels, its 50% fibonacci retracement and 200 DMA, this will favor bulls. (Updated For 18th August 2014, Monday).


REC LTD




  • As per previous report published on REC LTD, stock failed to take its 38.2% fibonacci retracement support around 297, and  has shown further weakness and stock made a low of 276.50. (Click here to see past report published on REC LTD).
  • Now daily chart indicates stock is currently facing 50%  fibonacci retracement support at current levels and stock gave a small bullish candle , this indicates as long as stock holds above its support around 276.50, it will be favored by bulls , but once stock closes below 276.50 and stays below then further weakness is expecing in REC LTD and stock will find next strong support around 250 its golden ratio - 61.8%  fibonacci retracement as shown in graph no 1.
  • Chart also indicates that stock is facing 200 days moving average support zone, as long as holds above stock can see some buying , but if close below then bears can get active one again.
  • If stock moves up from current levels then on upper side will find strong fibonacci retracement resistance around 301, 317, 330 and 342 as shown in graph no 3. Close Watch.
  • Click here to see all the free trading reports (tips) published by us on REC Ltd.
  • Stock tips for tomorrow.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.