Piyush-Gupta

RECLTD - Looking weak with long term support broken

Short
NSE:RECLTD   REC LTD
RECLTD has broken is long term support at 116 and given a weak closing with volume. For Monday, if this trade below 113 for 15-20 mins, then it can give intraday move.
In case of gapdown, wait for retracement back to 113-114 level before taking again at dip below 113.
In case of gapdown and no bounce back to above mentioned level, ignore it

Thanks
Piyush Gupta
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