$RECLTD - DOWNWARD CHANNEL

• REC remains trapped inside a well-defined downward channel, with every rally over the last year failing near the falling resistance trendline. • Support: ₹320–330 (recent swing zone) and channel support near ₹300. Resistance: ₹375–385 (channel resistance), followed by ₹420 if a breakout occurs. • The trend remains bearish-to-neutral until the stock closes above ₹385–390. A breakout from the channel could signal a trend reversal, while rejection near resistance would keep the broader downtrend intact. $RECLTD