#Long on REC Ltd (Inverted H & S pattern formed)

٢٤ أبريل ٢٠٢٣

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.

٣ مايو ٢٠٢٣

ملاحظة

REC hit intraday high of 138.40 on 2nd May 2023.

Target 1 achieved!!!!!!

٢١ يونيو ٢٠٢٣

ملاحظة

Target 2 achieved on 21-06-2023 !!

33% return from recommended Entry Price within 2 months.

٤ يوليو ٢٠٢٣

ملاحظة

As predicted the stock surpassed its last ALL TIME HIGH to reach a new ATH of 169.50