padiyaraa
Long

RCOM:23.25 Huge Loss maker is poised for a breakout Res:30

NSE:RCOM   RELIANCE COMM LTD
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RCOM:23.25 Huge Loss maker is poised for a breakout from the falling wedge .
Resistance will be at 30 and 44' Stop 22.5
Technically looking good,how are the fundamental prospects of the company? would it be a safe bet?
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padiyaraa NamantSatiya
@NamantSatiya, true, the abstract of the fundamental is finally profit, which is said HUGE,means you can assume or check what the gist,
The Numbers are bad for the past 3 years and every one know it is Reliance,so, for that no one needs my certificate at all :D
The Sector is telecom and it is also not performing well. DEBT is high, and more over what I noticed is a big joke,
is the details and numbers of its Holding, Subsidiary and Associate Companies are about to cross a Hundred.Reliance Innoventures, Infratel, Telecom, Communications, Wimax, Bhutan, Webstore, Infocomm, MobileComm, Globalcom, then many infras, and chafras, the list goes long.
That is how it dissect in to detail. Nowhere no hope at least for next one year.

Bet! bet I said, on breakout it can give you 7 rupee atleast,it is 30% and if it reach ₹44 it is almost a 90%...Stop was 22.5, that hit already & 22.4 now:D
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NamantSatiya padiyaraa
@padiyaraa, understood,thanks for the reply!

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Thank you , very good Analysis
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padiyaraa bnnarayana
@bnnarayana, thanks
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@padiyaraa, Sir. Its seems very nearby to breakout as closed at 23.30
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padiyaraa Siddharth_Kr_Jain
@Siddharth_Kr_Jain, let us hope for a break.
the stop already hit 22.4
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@padiyaraa, Sir. SL was not hit on closing basis
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padiyaraa Siddharth_Kr_Jain
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