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Buy Rural Electrification Corporation around Rs 180

Mitessh Thakkar of told CNBC-TV18, “Rural Electrification Corporation (REC) remains a stock which is in longer-term uptrend but appears to be giving a slightly stronger or a bigger pullback. I would want to see the stock come down to about Rs 180-178, a very strong support zone on the long-term charts over there. In case we don’t break those levels, I would then possibly look for an aggressive reversal from those levels. So I think day before yesterday also, it made an intraday low of around Rs 179. That Rs 180-178 zone on the weekly and monthly charts is very important. So I would be an aggressive buyer if we come around those levels.”bonazcapital
“GSFC gave a good reversal. As long as it remains above Rs 125 zone, I would look for higher levels and possibly a retest of the recent swing highs, which were around Rs 145. So Rs 125 can be a good stop loss for any long trade.”ina000003197