manni84

Decade long breakout in REC

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NSE:RECLTD   REC LTD
Just like PFC, REC is also giving a long breakout after trading in a triangle for more than 10 years. Ofcoz we can see there was a fake breakout in May 2017 and it moved into channel immediately afterwards. But this time around, the breakout looks more genuine. Again I expect it to go beyond 800 over the next few years. Great thing about stocks like REC and PFC is they have huge profits every year and give around 5-7% dividend yield even at current price. This compounded with decade long breakout is a huge plus.
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