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MARKET OUTLOOKRECLTDSTOCK OUTLOOK

REC Outlook for the Week (August 21, 2023 – August 25, 2023)

REC
REC
REC closed the previous week on a negative note losing 8.98%.

Technically, REC share price will see immediate support at 221.73 and immediate resistance would be seen at 243.18.

If REC share price closes below immediate support of 221.73, then sharp breakdown can be seen. REC share price will see major support at 208.82 for the week.

On the positive side, immediate resistance will be seen at 243.18. Closing above 243.18, REC share price will see a sharp breakout. Major resistance for REC share price will be seen at 251.72 for the week.

Trading range for REC share price for this week should be between 200.28 on down side and 264.63 on up side.

REC Previous Week High: 238.8

REC Previous Week Low: 217.35

REC Previous Week Range: 21.45 Points

REC share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 264.63
Resistance 2 251.72
Resistance 1 243.18
Support 1 221.73
Support 2 208.82
Support 3 200.28

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