NeeteshJain

RCOM - Moving High, Clean Breakout from a Downward Trend line

Long
BSE:RCOM   RELIANCE COMMUNICATIONS LTD
After trending down for a while, today I observed a clean price action breakout from the trend line , it shows bullishness in price action and it shall continue it to the next resistance level marked as Target 1 and Target 2.

One can go long in this with stoploss at 49
Trade closed: target reached
Trade closed: target reached: Target 2 also reached at 52.80

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