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MARKET OUTLOOKRECLTDSTOCK OUTLOOK

REC Outlook for the Week (September 04, 2023 – September 08, 2023)

REC
REC
REC closed the previous week on a negative note losing 7.50%.

Technically, REC share price will see immediate support at 229.82 and immediate resistance would be seen at 248.52.

If REC share price closes below immediate support of 229.82, then sharp breakdown can be seen. REC share price will see major support at 220.83 for the week.

On the positive side, immediate resistance will be seen at 248.52. Closing above 248.52, REC share price will see a sharp breakout. Major resistance for REC share price will be seen at 258.23 for the week.

Trading range for REC share price for this week should be between 211.12 on down side and 267.22 on up side.

REC Previous Week High: 249.25

REC Previous Week Low: 230.55

REC Previous Week Range: 18.7 Points

REC share price support and resistance for the week (September 04, 2023 – September 08, 2023)

Level Type Value
Resistance 3 267.22
Resistance 2 258.23
Resistance 1 248.52
Support 1 229.82
Support 2 220.83
Support 3 211.12

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