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Published on 19/11/2019 10:09:58 AM | Source: Religare Securities Ltd

Buy REC Ltd For Target Rs.150 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #NBFC #Trading Report #Religare Securities Ltd #REC Ltd

Religare Super Ideas

REC Limited (RECLTD

RECLTD has been consolidating in a range around the moving averages ribbon for past one month or so on daily chart. Today, i.e. on Nov 18. it has surged strongly and ended near day’s high, indicating buyer’s strength. We thus suggest traders to use this phase and initiate fresh longs as per the levels

Recommendation

Buy REC Ltd @ 138-140 SL 132 Target 150 CMP 140.35

 

 

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