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Momentum Pick : Buy REC Ltd For Target Rs.154 - HDFC Securities
* After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.
* Currently, the price is making an attempt to show upside move above the key upper resistance.
* The short term trend has turned positive.
* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.
* Volume has started to rise along with the upmove in the stock price.
* The daily/intraday RSI is showing positive indication.
Buy REC Ltd @ 136 SL 134.50 Target 154 CMP 142.60
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