Resistance Broken

25 Ağu 2022

REC Ltd broken a resistance of nearly 8 months and close above 107. I am picking this stock for both investment as well as short term trade. Reasons for picking this trade are :

1. Broken a trendline resistance
2. Good amount of OI added.
3. maintaining consistent numbers in Quarterly results.
4. Giving a rich dividend yield consistently.

This trade is for educational purpose

26 Ağu 2022

İşlem kapandı: hedefe ulaştı

Rec gave nearly 1.1% profit in 1 day..so if you are very short term trader then you can exit. As Monday markets may have an effect of Jackson hole meeting outcome