REC LTD is showing potential as it attempts a bounce off the lower trendline of its falling channel, with targets set at 577-592 and a long-term goal of 616. Invalidation of the bull view occurs below 541. REC LTD, a key player in India’s power sector, finances and promotes renewable energy projects, making it a solid prospect in a growing industry. With a focus on infrastructure development and sustainable energy, the company is well-positioned for future growth. Keeping an eye on the price action as momentum builds!
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