NeeteshJain

RCOM - Counter Trend Trade Setup

Long
BSE:RCOM   RELIANCE COMMUNICATIONS LTD
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14
It is been observed on daily chart that the price action is moving up with higher high then previous green candle indicating a counter trend setup. It shall further move up to Fibs levels of 23.6% at 37.70.

Target: 37.70
Stoploss: 34
RR: 1:1
Trade active
Trade active
Trade active
Trade closed: target reached: Target reached successfully. REGARDS

Comments

Yes... Neetesh, I think it has completed its all southward movement... I am too bullish on it.
+1 Reply
NeeteshJain sgor1980
@sgor1980, Yes, It shall provide a good move up as counter trend rally. Well said. Regards
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great congrats
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rcom targate hit
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Rocker of a call.Great one.Hats Off!
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sir
if you kindly post short term swing trading script charts of nse shares.obliged. if this type request is unethical.then please excuse me.
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