Wednesday, November 2, 2011

EagleEyeTechnicalAnalysis:RECLTD


 RECLTD @ 187
Breakout from resistance trend line
From the above chart of REC LTD has breakout from the resistance trend line with support of good volumes as well trading above 10-20sma. The upmove will continue where the next resistance(target) is expected around 215/220 , on lower side support expected around 175.

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