Signals, Powered By EquityPandit
REC closed the previous week on a negative note losing 11.29%.
Technically, REC share price will see immediate support at 405.25 and immediate resistance would be seen at 456.60.
If REC share price closes below immediate support of 405.25, then sharp breakdown can be seen. REC share price will see major support at 378.65 for the week.
On the positive side, immediate resistance will be seen at 456.60. Closing above 456.60, REC share price will see a sharp breakout. Major resistance for REC share price will be seen at 481.35 for the week.
Trading range for REC share price for this week should be between 353.90 on down side and 507.95 on up side.
REC Previous Week High: 454.75
REC Previous Week Low: 403.4
REC Previous Week Range: 51.35 Points
REC share price support and resistance for the week (December 18, 2023 – December 22, 2023)
| Level Type | Value |
|---|---|
| Resistance 3 | 507.95 |
| Resistance 2 | 481.35 |
| Resistance 1 | 456.60 |
| Support 1 | 405.25 |
| Support 2 | 378.65 |
| Support 3 | 353.90 |
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