Trade Analysis: Unveiling the Potential of REC, BEML, and Escorts Kubota | 18th July Market Insights

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8/18/20231 min read

RREC

shares ended at a record closing high of Rs 235.1 on the NSE, up 5.4 percent, after recent consolidation. The stock has formed long bullish candlestick pattern on the daily charts, with above average volumes.

BEML has formed strong bullish candlestick pattern on the daily scale, with above average volumes. The stock rebounded sharply, rising 6 percent to Rs 2,041.55 and recouped previous five-day losses after taking a good support at Rs 1,900 levels.

Escorts Kubota continued its strong run up for yet another session, especially after decisively breaking the 11-day consolidation in previous session. The stock rose over 3 percent to Rs 2,790.4 and formed long bullish candlestick pattern on the daily timeframe, with above average volumes.