December 29, 2015
REC (NSE Cash)
BUY
` 218.60
` 226 - 225
` 239
5-10 sessions
222
219
229
234
Bullish
WEEKLY CHART
Source: Falcon (Time - 10:05 IST)
We have witnessed a massive correction in this stock from March month high of 367.53. Of late, this
correction somehow got arrested tad above the 200 mark, which coincides with the ‘Downward
Sloping Trend Line’ on the weekly chart.
During the penultimate week, we witnessed a bullish ‘Piercing Pattern’ on weekly chart around this
support zone..
Looking at the hourly chart structure, we expect a very good move in the near term.
Thus, we advise traders to buy this stock from current level to a decline up to ` 225 for a target of `
239 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept at ` 218.60.
December 29, 2015
REC (NSE Cash)
Last 5 recommendations
Date
Stocks
Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
28-12-15
DHFL
BUY
230 - 228
236
243
-
223
Active
23-12-15
BHEL
BUY
172 - 171
171
184
-
165
Active
21-12-15
Wipro
BUY
556 - 552
567
587
-
539
Revise SL to 548
16-12-15
Union Bank
BUY
148 - 147
153
158
-
142
Book profits
15-12-15
Apollo Tyre
BUY
149 - 148
157
160
-
143
Book profits