REC can test Rs 209-210: Sudarshan Sukhani

Rural Electrification Corporation (REC) can test Rs 209-210, says Sudarshan Sukhani, Technical Trends.

Sukhani told CNBC-TV18, "In REC on a shorter term move we can expect Rs 209-210 or even a little higher and it justifies buying as a momentum play even now. On a longer term this stock was actually in a bear market, it went and cut itself into half that period seems to be over." He further added, "Its built a base, coming out of it, doing all the right things, making those higher highs, higher lows and doing it slowly, not actually going overboard. So for position traders and investors also if you want to invest for 3 years it