Budget 2012: 5 Stocks to Watch Out
REC
REC Ltd come together smartly in the last few weeks from a low of 143.5 to make a high of 252. It has now gone back over 45 percent of the total rally and is now trading near 205. The correction has taken place in duration of just four trading sessions. The stock has got outstanding support near 190 and hence the stock should be mounting up between 190 and 200 for a target of 230 in the subsequent weeks. If the stock maintains around 190, it would give a positive moving average crossover on 50DMA and 200DMA, proving a trend turnaround.
