Flash News Investment - - TECHNICALS -

We had rec­om­mended our readers to buy the stock of REC Ltd at Rs 126.15 in the is­sue no. 04 (dated Novem­ber 19, 2018). Post our rec­om­men­da­tion; the stock has os­cil­lated within a range. Go­ing ahead, a break­out above the level of Rs 127 would re­sult in a fresh break­out.

We ad­vised our readers to hold this stock as the stock is prob­a­bly tak­ing a breather post a sharp up­move from lower lev­els. We would sug­gest hold­ing the stock with a stop loss of Rs 114.

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