The chart patterns of REC Limited suggest a potential entry point at INR 399, according to the stochastic indicator. This level could be favorable for purchasing with the objective of a 5% profit within the next 12 months. The stochastic indicator can be a useful tool for gauging entry and exit levels. In the event of a downward movement, I would consider averaging down to hold until the desired profit is attained. I’d appreciate your thoughts on this; please share them in the comments section.
Cheers
Srikanth
