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Umang Bhutada

20 hours ago Β· SEBI-Registered Analyst

REC Limited – Breakout Watch $RECLTD Important Levels: Support: 565 – 545 Resistance: 620 – 650 Structure: Strong consolidation near resistance Business: Leading power sector financing NBFC Major beneficiary of power transmission, renewable energy and infrastructure investments Strong dividend-paying PSU Earnings: Stable loan growth Healthy asset quality Strong profitability and cash generation Verdict: πŸ‘‰ High-quality PSU finance stock πŸ‘‰ Watch for breakout confirmation

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