RECLTD - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for REC Ltd (RECLTD) Technical Rating: 3.6

📈 Trend Overview

Current Price: ₹400

50 DMA: ₹402 → Slightly below, indicating short-term weakness

200 DMA: ₹435 → Price below long-term average, signaling bearish undertone

Trend Status: Consolidating with a downward bias

🔍 Momentum Indicators

RSI (50.7): Neutral zone; no strong momentum either way

MACD (-0.47): Below signal line → bearish crossover

Bollinger Bands: Price near middle band; volatility is low

Volume: 47.7L vs 1-week avg of 1.14Cr → below-average activity, suggesting lack of conviction

📌 Support & Resistance Zones

Level Price (₹)

Support 1 393–395

Support 2 385–387

Resistance 1 404–408

Resistance 2 420–425

Trendline Support: Forming near ₹385 based on recent lows

Breakout Zone: ₹408–412

Consolidation Zone: ₹395–405

🎯 Entry & Exit Strategy

Optimal Entry: ₹393–396 (near support zone)

Exit Zone: ₹408–412 (approaching resistance)

Stop Loss: ₹385 (below key support)

⚡ Short-Term Signals

Momentum: Weak; MACD bearish and volume declining

RSI: Flat, no directional bias

Price Action: Lower highs forming; cautious sentiment

Volatility: Contracting Bollinger Bands → possible breakout setup

🧭 Conclusion

REC Ltd is currently consolidating with a mild bearish tilt. Technical indicators suggest caution, as momentum is fading and price trades below key moving averages. A bounce from ₹393 could offer a short-term opportunity, but confirmation via volume and MACD reversal is essential. Avoid aggressive entries until price breaks above ₹408 with strength.

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