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