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MARKET OUTLOOKRECLTDSTOCK OUTLOOK

REC Outlook for the Week (February 12, 2024 – February 16, 2024)

REC
REC
REC closed the previous week on a negative note losing 11.58%.

Technically, REC share price will see immediate support at 455.80 and immediate resistance would be seen at 516.50.

If REC share price closes below immediate support of 455.80, then sharp breakdown can be seen. REC share price will see major support at 429.20 for the week.

On the positive side, immediate resistance will be seen at 516.50. Closing above 516.50, REC share price will see a sharp breakout. Major resistance for REC share price will be seen at 550.60 for the week.

Trading range for REC share price for this week should be between 395.10 on down side and 577.20 on up side.

REC Previous Week High: 524

REC Previous Week Low: 463.3

REC Previous Week Range: 60.7 Points

REC share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 577.20
Resistance 2 550.60
Resistance 1 516.50
Support 1 455.80
Support 2 429.20
Support 3 395.10
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