Advertisement

Rural Electrification Corporation (REC LTD) Technical Analysis - Stock on the verge of bullish breakout above 383.50, facing strong trend line resistance in daily chart. (Updated On 11th July 2014, Friday).


Rural Electrification Corporation (REC LTD)





  • REC LTD is facing strong trend line resistance around 383.50 in daily chart, which indicates if closes above and stays above 383.50 then REC is looking good for next 1-2 days trading.
  • Daily chart also indicates stock is trading above 20 days moving average as shown above as long as stays above stock will favor rec ltd bulls.
  • (Short term trend) - Weekly chart indicates stock is on short term bull run and now trading above 161.8% fibonacci retracement resistance , so far stock looking bullish and no sign of reversal in weekly chart. On upper side will find trend line resistance around 410.





Posted by
Labels: , , , ,

Advertisement

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

.