REC LTD is showing potential as it attempts a bounce off the lower trendline of its falling channel, with targets set at 577-592 and a long-term goal of 616. Invalidation of the bull view occurs below 541. REC LTD, a key player in India’s power sector, finances and promotes renewable energy projects, making it a solid prospect in a growing industry. With a focus on infrastructure development and sustainable energy, the company is well-positioned for future growth. Keeping an eye on the price action as momentum builds!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.