praveen.bhatiya

RCOM Buy Ascending Channel.

Long
NSE:RCOM   RELIANCE COMM LTD
RCOM price movement are forming a beautiful upward channel. Today's touch at lower boundary offers a good opportunity to go long at this level. Low of last swing would be a good protection so could be used as a Stop loss. It offers a good possibility to reach the upper end.
Trade active: Trade is doing well so far up by 2.60%.
Trade closed: target reached: Booked decent profit at the region of last swing High :)

Comments

Can you please provide one more study from the current levels. Thanks in advance
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praveen.bhatiya SujithVijayan91
@SujithVijayan91, The stock is trading at the lowest level and showing bullish divergence but I do avoid bottom fishing and would wait that it shows to rise.
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Good one !!
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@dravya, Thanks :)
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Good analysis...Thanks for sharing.
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praveen.bhatiya shivubandaru
@shivubandaru, Thanks !
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SAME VIEW
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