REC ( Rural Elec Corp) :For last 4 months stock is in downtrend making lower tops & lower bottoms. Currently stock is trading/taking support near its 50w MA 163, but technical indicators like RSI (14), ROC are still not in oversold zone, which indicates further downside below 163. Stock can test 157-50 to 133 in coming weeks.Resistance 169-72.
DLF : Stock is making lower tops & lower bottoms & trading below all major moving averages. Support exists near 166-59. Below that stock can testtrendline support near 142-40. Resistance 178above that 190-92. Have a look at chart & trade accordingly.
VEDL ( Vedanta) : Stock is in long term uptrend & dips can be used for fresh investment opportunity. Support 306-299-295 Stop 290.On upside 323 will work as resistance. Have a look at chart :
DLF : Stock is making lower tops & lower bottoms & trading below all major moving averages. Support exists near 166-59. Below that stock can testtrendline support near 142-40. Resistance 178above that 190-92. Have a look at chart & trade accordingly.
VEDL ( Vedanta) : Stock is in long term uptrend & dips can be used for fresh investment opportunity. Support 306-299-295 Stop 290.On upside 323 will work as resistance. Have a look at chart :
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