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REC Share Price Target - Tomorrow, Next Week & Next Month

REC Limited

Company LogoSymbol: RECLTD
Price: ₹537.75
Exchange: NSE
Financial Services -> Credit Services
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REC Recent Performance

Over the past 26 trading days, the value of REC's stock has increased by ₹86.50 (+19.17%). On 25 Apr 2024, one share was worth ₹451.25 and by 31 May 2024, the value jumped to ₹537.75. During this period it created a highest high of ₹591.40 and lowest low of ₹437.95.

Below Image represents line chart of daily close price of REC, helping you visualize how the price has changed day by day.

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 REC Recent Daily Close Chart

Chart: REC Share Price Target - Tomorrow

 REC Targets For Tomorrow Chart

The line chart displays the REC daily closing prices for the past 26 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for REC shares for Fri 31 May 2024, see the table below.

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Table: REC Share Price Target - Tomorrow

By analyzing REC stock with yesterday and past crucial price points and technical indicators we derived following targets for: Mon, 03 Jun, 2024!

REC's LevelsValueReason/Importance
Tomorrow Target 3563.50 (+4.78%)Price Action: 24 May 2024 High
Tomorrow Target 2553.34 (+2.89%)Price Action: 03 May 2024 Low
Tomorrow Target 1543.40 (+1.05%)Price Action: 08 May 2024 High
Current Price537.75 REC's 1 share price as of Fri 31 May 2024
Stop Loss 1535.70 (-0.39%)Price Action: 15 May 2024 High
Stop Loss 2532.50 (-0.98%)Fibonacci Retracement Level 78.6%
Stop Loss 3528.84 (-1.66%)Technical Indicator: MA50

Summary: REC Share Price Prediction For Tomorrow

Fri 31 May 2024: REC finished the day at ₹537.75, losing ₹-10.00 (-1.83%) in 1 day.

In summary, our analysis of REC for tomorrow predicts a rise of 1.05% to 4.78% with three potential targets T1: ₹543.40, T2: ₹553.34, T3: ₹563.50 and Stop-Loss (SL) at SL1: ₹535.70, SL2: ₹532.50, SL3: ₹528.84.

Additionally, we've identified a support level at ₹525.59 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹557.90, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.

Over the last 26 trading days, the stock has jumped 19.17%, indicating it could be a excellent option for trading or short-term investment. During this period, its price fluctuated between 591.40 and 437.95.

After looking at tomorrow's share price prediction, let's now check what next week might hold for REC.

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Chart: REC Share Price Target - Next Week

 REC Targets For Next Week Chart

The chart displays the REC weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.

For detailed target and stop loss values for REC shares for next week, see the table below.

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Table: REC Share Price Target - Next Week

By analyzing REC stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!

REC's LevelsValueReason/Importance
Next Week Target 3570.66 (+6.11%)Custom Fibonacci Extension Lvl 50%
Next Week Target 2563.50 (+4.78%)Price Action: 24 May 2024 High
Next Week Target 1553.28 (+2.88%)Custom Fibonacci Extension Lvl 23.6%
Current Price537.75 REC's 1 share price as of Fri 31 May 2024
Stop Loss 1532.09 (-1.06%)Price Action: 22 May 2024 Low
Stop Loss 2526.51 (-2.1%)Fibonacci Retracement Level 98.6%
Stop Loss 3521.00 (-3.12%)Price Action: 13 May 2024 High

Summary: REC Share Price Prediction For Next Week

As of Fri 31 May 2024, REC share price stands at ₹537.75, losing ₹-16.29 (-2.94%) in this week.

In summary, our analysis of REC for next week predicts a rise of 2.88% to 6.11% with three potential targets T1: ₹553.28, T2: ₹563.50, T3: ₹570.66 and Stop-Loss (SL) at SL1: ₹532.09, SL2: ₹526.51, SL3: ₹521.00.

Additionally, we've identified a support level at ₹525.59 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹591.40, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for REC.

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Chart: REC Share Price Target - Next Month

 REC Targets For Next Month Chart

The chart displays the REC monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for REC shares for next month, see the table below.

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Table: REC Share Price Target - Next Month

By analyzing REC stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!

REC's LevelsValueReason/Importance
Next Month Target 3582.75 (+8.36%)Price Action: 29 May 2024 High
Next Month Target 2573.96 (+6.73%)Custom Fibonacci Extension Lvl 23.6%
Next Month Target 1567.00 (+5.43%)Price Action: 29 May 2024 Low
Current Price537.75 REC's 1 share price as of Fri 31 May 2024
Stop Loss 1527.65 (-1.88%)Price Action: 07 May 2024 High
Stop Loss 2522.00 (-2.93%)Price Action: 15 May 2024 Low
Stop Loss 3514.68 (-4.3%)Fibonacci Retracement Level 50%

Summary: REC Share Price Prediction For Next Month

As of Fri 31 May 2024, REC share price stands at ₹537.75, gaining ₹28.46 (+5.59%) in this month.

In summary, our analysis of REC for next month predicts a rise of 5.43% to 8.36% with three potential targets T1: ₹567.00, T2: ₹573.96, T3: ₹582.75 and Stop-Loss (SL) at SL1: ₹527.65, SL2: ₹522.00, SL3: ₹514.68.

Additionally, we've identified a support level at 525.59 — think of this as a safety net where the price might stop falling and there's also a resistance level at 591.40, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for REC, we created a specific page for that check here: REC Share Price target for 2024 and 2025

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As we wrap up, we hope you like our study on REC short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into REC Limited, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter