Generation Of Buy Signal In RCOM


Dear Readers,

I had been observing the stock of RCom for the last many months. Its rise from its recent low of 34.30 to the hight of 38. 05 , givining due consideration to the internal wave counts, looks to be impulsive in nature. Secondly, the MACD Oscillator has given sign of divergence in the current movement of the stock.
The stock of RCom seems to have completed its southward movement and may show up some good upside move in it. However, on safer side, any move below the price of 34.30 would be consider risky.
For the reference of the readers, the weekly chart of RCom , with possible wave counts, has been attached with this post.

Disclaimer: All views, charts, comments, post or any materials of any kind discussed, published, posted and/or commented are for educational purpose only.
Trade closed: stop reached


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out