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* On a daily chart, the stock has bounced back after taking a support of around 210.65 level which is 61.8% retracement level of its previous move from 196 level to 234.35 level which suggests a positive move in the counter.
* Moreover, the stock has bounced back from the lower Bollinger Band indicator which hints for a good upside move in the stock.
* Additionally, the stock has been sustaining above its 200 Daily Exponential Moving Average which shows a positive move in the counter.
* A daily momentum indicator RSI reading is at 47.82 level with a positive crossover which points out for a positive breath in the stock.
* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.
Buy REC Ltd @143.20-142.00 Stoploss 137 Target 153
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