Go long in REC, says Sudarshan Sukhani

One can go long in Rural Electrification Corporation (REC), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Rural Electrification Corporation is a very unusual chart. It fell, broke down support then it started a rally and that rally has taken out resistance yesterday. So, it is all over the place, it is choppy.”
He further added, “However, some resistance levels were broken yesterday on the upside on a day when the market was falling nine pins. So, perhaps the market is giving a message that this trade is worth taking on the long side. If it does not work out one has the stop losses. These stop losses are important because if five trades lose and if five makes much more money, the trader wins. So, just keep losses small.”