Sunday, July 17, 2011

Rural Electrification Corporation(RECLTD)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


RECLTD closes at  $ 224.30  with a  gain    of  +1.90% on 16 July 2011 with formation of  White  Candle  on Daily  Price Chart .Technically, RECLTD  is extremely  Bullish on charts.  MACD & Scheff Trend Cycle is moving Upwards on Daily Price Chart.
We Recommend to BUY -   RECLTD   at CMP
Target- $ 236
Stop-Loss – $ 217
Time Frame- 5-10 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com .
 Call NiftyNext # +91 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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