rcomstrong support @15
for bull - breakout @15.8
for bear - breakout @14.8
in my point hold and wait for the action
RCOM trade ideas
Reliance Communication Limited 195 day chart. Progressive restance levels for tomorrow: 19.50, 26.50 and 34.25. Support is at 16.20.
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_technical Chart Looks interesting above 24 RCOM_technical Chart Looks interesting above 24 can give swift upmvoe.....
RCOM: Contra ideaLook for a long upper wick in the candle and go short with a stop above it...The pattern is playing out very nicely last many times.
RCOM NEXT MOVERCOM NEXT MOVE KEEP WATCH
Disclaimer:
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.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Introduction : Relative Strength Index (RSI) Relative Strength Index is a so called momentum indicator that is very popular to use in technical analysis of financial instruments. Here’s a simple walkthrough of RSI and how to calculate.
The RSI was developed by J. Welles Wilder. The default setting for RSI is 14 Period or Candles, Which means that RSI evaluates past 14 candles.
The RSI Compares the average gain of up candles and average loss of down candles for past 14 candles.
The very first calculations for average gain and average loss is..
First Average Gain = Sum of Gains over the past 14 periods / 14.
First Average Loss = Sum of Losses over the past 14 periods / 14
The second, and subsequent, calculations are based on the prior averages and the current gain loss:
Average Gain = ((previous Average Gain) x 13 + current Gain) / 14.
Average Loss = ((previous Average Loss) x 13 + current Loss) / 14.
I Hope I kept it as Simple as I Can :) ( On Charts )
Do Let me know if I missed anything on RSI Introduction.
Thank you,
EEz
NEXT : Will Discuss Ways of using RSI Effectively.
currently in down trend channel shorting oppgot high of 32 gettingt back to 27 low
results are out but no volume to support move
Reliance Communication (RCOM)- a strong buyStock has broken out of the Flag Pattern, it took support at the
ichomoku cloud, future cloud is also positive.
Today's flag breakout was with high volumes, which confirms the pattern
The rally which started from 19th December after the long term downtrend
breakout from Rs12 to Rs 37, has retraced by 50% and the stock has moved
upwards from 50% retracement.
The stock has also taken support at Multiple moving averages.
it can move upto 50 levels (the length of the Flag pole
Reliance Communications : Catch Up with the Rally ... {Bullish}Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
RCOM..Bullish.. Breakout from Flat patternBSE:RCOM
Uptrend started. Can Expect 40+ levels within 2 weeks
R-Comm - Falling wedge BOOn weekly chart R-Comm on falling wedge BO. Keep eye on same.. if sustain can be seen 55+ levels..
RCOM is under consolidation. Watch if breaks TLRCOM is under consolidation. Can be bot if breaks TL. Will update when happens.
Bearish Cypher Pattern in RComBearish Cypher Pattern completes in NSE:RCOM . RSI is massively Over Bought
Target - Rs. 25
RCOM :Relative strength on a weak morningRCOM :Relative strength on a weak morning. Certainly a sign of something brewing. Can be a risky long with stops at yesterdays lows..
