RCOM
Rcom Cup and handle break with high volumeRcom has broke its range reversing from low forming a cup and handle pattern with high volumes which makes breakout more meaningful so its a buy with sl of 14 and targets of 22-26-30-40 cmp is 17.5 RELIANCE COMM
relcapital long set up i personally do not trade in such companies but its just when i came across the charts , i thought its a good chance to get easy 3/5% intraday trade ! , dual bottom followed with an rsi divergence ...
RCOM: High risk-High rewardIndicators are showing bullish on upcoming weeks and months. Weekly and Monthly MACD crossover may happen coming weeks and months. Cant explain each and every indicator signals here. All are ready to go positive side. One can enter here for high reward with high risk.
Vijayaraghavan.K,
Kovilpatti.
Reliance Communications Limited Buy Reliance Communications Limited Buy
Entry CMP
SL :Rs :16.85
Target 1: 25.2
Target 2: 30.5
Beware trader cum investor!!!Stock is trading at 0.20 times its book value.. (undervalued fundamentally )
chart pattren tell us lot,s of block deal complete in recent months..
we don't know ..why they do that..
if any good news may be coming in upcoming days.. like merger,, joint venture may be some good news.. etc
after that stock ll be ability to rock..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
RCOM NEXT MOVERCOM NEXT MOVE KEEP WATCH
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The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
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Bearish Cypher Pattern in RComBearish Cypher Pattern completes in NSE:RCOM . RSI is massively Over Bought
Target - Rs. 25
RCOM - Play for pole and flag breakoutRCOM. Play for Pole and flag pattern breakout.
Maintain strict SL of 26.5 as it's very volatile.
For the incremental targets of 41, 47 and 55.
RCom: Trading @ channel resistance zoneRCom
CMP 21.40
- Trading in a sideways channel
- 22.45 is an important resistance level for RCom...
- Bullishness only if closing above that level...
- Otherwise the stock could be heading back to 18 levels
Take care and safe trading...!!!
RCOM Buy Ascending Channel. 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.
RCOM - TREND CONTINUATION TRADE 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
RCOM - Counter Trend Trade SetupIt is been observed on daily chart that the price action is moving up with higher high then previous green candle indicating a counter trend setup. It shall further move up to Fibs levels of 23.6% at 37.70.
Target: 37.70
Stoploss: 34
RR: 1:1
RCOM BREAKS CRUCIAL SUPPORT Today, the price action breaks out from the important support level of 46-47 levels that indicating further weakness.
Target: 40
Stoploss: 49
RCOM Breaking Downside from Consolidation It is been observed that the price action is ranging in a consolidation and moving sideways on hourly chart. Now, it is breaking out from the consolidation and now it shall move further down to the retracement level of 61.8% at 44.25.
Target: 44.25
Stoploss: 47.50
Risk Reward: 1:4
RCOM Breaking Out Trending Channel (Bullish)The price action is indicating high buying pressure which surging prices up. It shall reach to 53 level soon.
Target: 53
Stoploss: 50
Duration: 1-3 Days
