2025-10-30 11:22:05 am | Source: Religare Broking Ltd
Stock of the day : REC Ltd by Target Rs. 405 - Religare Broking Ltd
REC Ltd
Buy REC Ltd CMP 385.55 Range 384-386 SL 375 Target 405
* RECLTD registered a strong bullish breakout following a prolonged consolidation phase, accompanied by a significant rise in volumes, indicating renewed accumulation.
* The price action closed above key short-term moving averages (20 and 50 DEMA), confirming improving momentum.
* The stock has formed higher highs and higher low pattern, signaling potential trend reversal from recent consolidation.
* Traders may consider initiating long positions within the current zone to align with the prevailing bullish sentiment.
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