Stock of the day: Buy REC Ltd For Target Rs.130 – Religare Broking


* RECLTD has surged strongly and ended near day’s high on the daily chart.

* The up move is supported with noticeable rise in volume.

* The current chart pattern combined with the positioning of the confirmation indicators are also pointing towards strong surge ahead.

* We thus suggest creating fresh longs within the given range .


Technical Chart : Daily

BUY REC Ltd CMP:124.05; Range:122-123; SL: 119; Target: 130


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