ilmscore | Prediction Details
"I believe that there is chance that it may cool off a little bit but all in all it is pretty much solid and if you check even the weekly chart I just adjust it a little bit let me also pull up a monthly chart for you know a better analysis I'll just clean up this data point so that you get to know what I'm saying and why am I so bullish so if you can see here even if I not pull this down for a second this is what 2010 have looked at this 2010 this was the high 155 okay and again hitier came down and again here around similar so here it was around 162. 167 so this is what 2017 car level uh this is 167.90 now it'll be interesting if it closes above this 167.90 on the weekly candle okay or maybe on the monthly candle 167 if it does I think this this is a multi-year breakout in that case okay and if that be so I know this is too much to us for but I hope you are understanding this right one so this is like one bottom again went to here again a bottom again here so if that be so you can imagine from here to here I'm cloning this and if I were to take it from this level it may show 250 levels also this is a monthly chart I'm repeating this is a monthly chart uh 2010 same level 2017 same level and here we are at 2023 just don't be under the impression key such a bhangar stock such a bad stock that it's almost there people there have been lot of splits or bonuses I don't remember exact bonus to split but a lot of core production has taken place and dividend yield it has a dividend yield of almost eight percent almost eight percent so crazy returns I can say uh steady returns not mind-boggling but definitely study returns last three months this talk has been doing really well it does last three months only it has gone up by almost 35 36 percent it's it's a government uh I mean it's a PSU so don't expect sharp moves but yes last three months it has given a sharp move and now that it is trading above this I'm a really wanting to check out if it is able to close Above This level 167 you can note this down for your analysis also I'm also doing analysis even I'm a student of stock market so I'm doing my analysis please you also join in the analysis the day when you understand so this month end is what we have to check out for right if it is able to close above 168 it's like it'll be like an all-time high closing and then uh of course 250 Target will not be met just like that in few weeks or this is a monthly candle right it may take some time but yes then there'll be possibility that it may start moving towards those levels"
By CA Rachana Phadke Ranade | June 22, 2023 | Pending
From video
Nifty - Bulls or Bears? | CA Rachana Ranade 00:35:50 - 00:40:24
Interpreted Prediction
REC India is showing potential for a multi-year breakout, with a possible target of 250 levels if it closes above 168 on a monthly basis. However, it may cool off slightly in the short term.

Prediction Details

Ticker
REC

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