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

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

Target 1 achieved!!!!!!
Nota
Target 2 achieved on 21-06-2023 !!

33% return from recommended Entry Price within 2 months.
Nota
As predicted the stock surpassed its last ALL TIME HIGH to reach a new ATH of 169.50
Chart PatternsRECLTDTrend Analysis

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