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Price and trend forecast of RECLTD for Tomorrow, Weekly, Monthly

REC Limited

Symbol: NSE:RECLTD

ISIN: INE020B01018

439.25

As on 2024-04-12

120.00 (52W Low) 524.00 (52W High)

RECLTD's Today's Performance

REC Limited started the day by opening at 444.05 today 2024-04-12. Its shares reached a high of 448.80 and dipped to a low of 438.25 in intraday. When the markets closed, RECLTD’s stock price settled at ₹439.25 per share. Also check out its key support and resistance levels.

RECLTD Buy/Sell Targets

Tomorrow, sell RECLTD when its price reaches ₹ 439.25 with a stop-loss order at ₹ 445.89. You can set the target price as ₹ 432.61 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of RECLTD for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for RECLTD

Resistance Levels Value in ₹
Tomorrow Resistance 1 446
Tomorrow Resistance 2 453
Tomorrow Resistance 3 457

Important Supports for RECLTD

Support Levels Value in ₹
Tomorrow Support 1 435
Tomorrow Support 2 432
Tomorrow Support 3 425
Based on where the stock opens tomorrow, if RECLTD opens on a positive note, our first target will be ₹446. If Target 1 is achieved, we will aim for Target 2 which is ₹453.

But if RECLTD falls below the average value of ₹442.10, you can enter a sell side position with target number 1 - ₹435 and second target - ₹432 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of RECLTD

Looking at RECLTD, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, RECLTD has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for RECLTD is strong bearish.

Tomorrow's Volume based share price Forecast for RECLTD

RECLTD's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 88%.

Reversal detection for RECLTD

Predicted trend chart of RECLTD tomorrow for price forecast
RECLTD may trend may continue to be bearish since stock is making lower low and we can get target of ₹448 in morning tomorrow
Target 1 tomorrow446
Target 2 tomorrow449
Target 3 tomorrow453
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with RECLTD's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if RECLTD opens on a positive note, our first target will be ₹445.95. If Target 1 is achieved, we will aim for Target 2 which is ₹452.65.

But if RECLTD falls below the average value of ₹442.10, you can enter a sell side position with target number 1 - ₹435.40 and second target - ₹431.55

RECLTD's Weekly Targets
1st Up Target 462.85
2nd Up Target 486.45
1st Down Target 426.95
2nd Down Target 414.65

As the week for RECLTD ended on bearish sentiments, we can expect further continuation of this sentiment. RECLTD's initial target will be 462.85 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 426.95 in the upcoming week.

Weekly OHLC Values
Open 472.45
High 474.15
Low 438.25
Close 439.25

Week for RECLTD started with an open price of 472.45, and the close was at 439.25. RECLTD reached the highest of 474.15 and dipped lowest up to 438.25 last week. This indicates a bearish sentiment for the week.

RECLTD full month swing targets
Monthly Up Target 1 498.75
Monthly Up Target 2 522.35
Monthly Down Target 1 391.05
Monthly Down Target 2 342.85

Targets of ₹498.75 can be expected to be reached in the coming month. Once RECLTD achieved this target, we can aim for the next upside target of ₹522.35.

RECLTD if fails to hold upside, down targets of ₹391.05 and ₹342.85 can be achieved by end of this month.

For complete three weeks if RECLTD is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

RECLTD is expected to reach the target of 445.95 in tomorrow's trading session.

After achieving the initial target in RECLTD, we will aim for higher targets of 452.65 tomorrow.

However, if RECLTD starts to trade below ₹442.10, then we will shift our focus to the sell side and aim for down targets of 435.40 and 431.55.