SEO Description: REC stock recovers from a 52-week low, but a senior analyst warns of potential selling pressure unless the stock reclaims and sustains above a key moving average.
Summary:
REC shares experienced a recovery from their 52-week low on Wednesday, as Vishnu Kant Upadhyay, AVP at Master Capital Services, warned that the stock's breakdown of the March support indicates buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling.
Disclaimer: The views and investment tips expressed by Vishnu Kant Upadhyay, AVP at Master Capital Services, on Moneycontrol.com are his own and not those of the website or its management. Moneycontrol.com advises users to seek advice from certified experts before making any investment decisions.
Original source material:
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
NEWZA News Report:
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
The REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
The REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
The REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.
The REC stock, which had hit a 52-week low of Rs 292.20 per share on September 29th, experienced a recovery on Wednesday, rising more than 2% to close at Rs 299.50 per share.
Vishnu Kant Upadhyay, AVP at Master Capital Services, expressed caution regarding the stock's breakdown of the March support level, which indicates that buyers are losing control. Any rebound towards the recent breakdown area of Rs 303-306 could attract fresh selling pressure.