What is the latest stock performance for REC Ltd?

REC Ltd stock has broken out of a triangular consolidation, showing renewed upward momentum.

What is the expert recommendation for REC Ltd stock?

Experts suggest buying REC Ltd stock for short-term traders with a target of Rs 430 and a stop loss at Rs 355.

When did REC Ltd stock reach its previous high?

REC Ltd stock hit a high of Rs 542 on January 6, 2025, but could not sustain the momentum.

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REC Ltd Stock Surges: Breakout Signals New Uptrend

7 Jan

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Summary

REC Ltd stock has broken a triangular consolidation pattern.
Experts suggest a target price of Rs 430 for short-term traders.
A stop loss of Rs 355 is recommended for trading the stock.

REC Ltd Stock Surges: Breakout Signals New Uptrend

REC Ltd, a company operating within the financial institution sector, has recently demonstrated renewed momentum. This surge has enabled the stock to successfully break free from a period of triangular consolidation observed on daily charts.

This technical breakout suggests a potential resumption of its established primary uptrend. Consequently, financial experts are suggesting that short-term traders who are comfortable with a higher risk profile can consider initiating a long position.

The recommended trading strategy involves aiming for a price target of Rs 430 within the coming weeks, while maintaining a protective stop loss at Rs 355 to mitigate potential losses.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.