RCOM - Counter Trend Trade Setup Long

RELIANCE COMMUNICATIONS LTD.BSE

Description

⋅ Nov 28, 2016 7:45 AM

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

⋅ Nov 28, 2016 9:16 AM

Trade active

⋅ Nov 29, 2016 7:29 AM

Trade active

⋅ Nov 30, 2016 4:56 AM

Trade closed: target reached

⋅ Nov 30, 2016 9:30 AM

Target reached successfully. REGARDS

Comments

sgor1980

⋅ Nov 28, 2016 7:48 AM

Yes... Neetesh, I think it has completed its all southward movement... I am too bullish on it.

NeeteshJain

⋅ Nov 28, 2016 9:29 AM

@sgor1980, Yes, It shall provide a good move up as counter trend rally. Well said. Regards

anupminj7

⋅ Nov 30, 2016 11:25 AM

great congrats

abhraj4848

⋅ Nov 30, 2016 9:34 AM

rcom targate hit

justDSingh

⋅ Nov 30, 2016 9:18 AM

Rocker of a call.Great one.Hats Off!

DebuRoy

⋅ Nov 30, 2016 6:29 AM

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.