REC Weekly Outlook and Analysis:

For the Week: (July 31, 2023 – August 04, 2023)

REC closed the previous week on a negative note losing 17.57%

Technically, REC share price will see immediate support at 172.08 and immediate resistance would be seen at 206.68

If REC share price closes below immediate support of 172.08, then sharp breakdown can be seen. REC share price will see major support at 149.92 for the week.

On the positive side, immediate resistance will be seen at 206.68. Closing above 206.68, REC share price will see a sharp breakout. Major resistance for REC share price will be seen at 219.12 for the week.

Trading range for REC share price for this week should be between 137.48 on down side and 241.28 on up side.

REC Previous Week High: 196.95

REC Previous Week Low: 162.35

REC Previous Week Range: 34.6 Points

REC share price support and resistance for the week (July 31, 2023 – August 04, 2023)