NeeteshJain
Long

RCOM - TREND CONTINUATION TRADE

BSE:RCOM   RELIANCE COMMUNICATIONS LTD
689 17 7
It is observed that the price action is been trending up for a while and shall continue going up to next resistance levels at 40 and above.

Target: 40

Stoploss: 36
Trade active
Comment: Trend Continuation Setup



Support SL 35
Trade closed: stop reached
Sir, it seems to be case of kangaroo tail reversal...?
+1 Reply
offscience offscience
Reply
NeeteshJain offscience
@offscience, I have heard this term after long time. You must be very good at reversal patterns. Yes, it seems like a short term reversal. RCOM trend has changed and it shall move further up after this correction. I appreciate your feedback, Regards
Reply
Stoploss reached.Trade Closed: Lesson learned. Lost money on both Rcom and Lupin .Please don't post suggestions if you can't reply to comments and going offline when your trade does not workout does not set a good precedent. Thank you _/\_
Reply
vanathi suraj_kvp
@suraj_kvp, In the comment it is mentioned Support SL 35.
Reply
@suraj_kvp, I believe both Lupin and Rcom are general trades as you could see the target is more than 5%. It is not meant for intraday as it is risky to enter and sustain. Stoploss has been hit but the trend does not change in both trades until they breach below certain support levels. It is in high market volatility today as both the trades went up 1-2% and then came back strongly. They both sustain the uptrend and shall further move up. I would also like to recover your losses caused due to not timely updation andI I would like you to send me an email at neeteshjain01@gmail.com and I shall add you to my equity fno services for free where you shall recover your losses and shall receive all the guideline to enter a trade with right risk management and to grow your capital gradually. Regards
Reply
VikasChhatwal NeeteshJain
@NeeteshJain, Wow. In simple words - RESPECT Bro.
+1 Reply
sequeldba NeeteshJain
@NeeteshJain, Sirji - Aap toh dil jeet lete ho. I am also holding Rcom CE 45 @1.35 which now is 0.50
One thing we all should remember - People who post recommendations here are not responsible for your losses.
You yourself should be smart enough when to exit or enter. In other words - if you need step by step guide, there are paid services..

A demo version with full features is a Myth.
+2 Reply
Reply bro, holding position from 36.5 .
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@suraj_kvp, I'm not active during the market hours to respond on each message but I keep updating the call as you could see in above chart to provide timely information to everyone. Regards
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