REC is exhibiting a Bollinger Band squeeze and breakout pattern, suggesting it may continue to move higher on the upper band.
"and then after going in a specific range it breaks out you can imagine that there is a snake and then it has done ah okay so it has opened its jaws it's like okay so it has opened its jaws it's like that and then the stock actually goes on working in the upper working on the upper band of the Bollinger band and technical analysis may we call this as a work on the band right so how do I get to know about this so I'm just putting up the Bollinger band and just have a look at the squeeze we call this as a squeeze so it's going in this for such a long time so you can see this I hope you are able to understand this quiz and now you can see that it has actually started to open its jaws it has opened the jaws and how many months since April May June July and currently in the month of August it is still walking the band so again as per technical analysis there are great chances that it keeps on walking on the band and if that be so then it may go higher and higher"
