REC LTD made a Break out today

By | September 1, 2008


The stock rose almost
4.50% and closed above its 20DMA with significant volume on 1st
September. Leading indicator like Stochastic and RSI are rising with
positive divergence after coming out from the oversold zone. Considering
the technical evidences discussed above, Go for it with a Tgt of 93,97 Stop Loss 89

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