Saturday, 22 October 2016

Rural Electrification corporation- Hot Stock to trade

REC is looking very good and showing good strength on chart. This stock is currently trading at Rs.139.25/- on NSE with  huge volume and its delivery volume is about 41%. One should buy it with strict stoploss of Rs.137/- for intraday 1st target of Rs.141.50/- and 2nd target of Rs.143/-. Short term Investor should hold this stock with  stoploss of Rs.130/- for short term target of Rs.180/- to Rs.185/-. A strong momentum may be seen in coming days with huge volume. One should hold it patiently with above said stop-loss. In current scenario It is looking very strong. One should hold it definitely for long term. It's book value is itself Rs.146/- and it is trading below its book value.This stock has good potential to become multibagger from this level.  This stock is in good momentum and it should be continue. Risk reward ratio is very favorable in this stock.

Discloser-
 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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