RSI overbought, possible higher low formation, support at 0.23 fiblevel, short till 13.15 level or long at 13.15 level
RCOM CAN BE SHORT BELOW 19 WITH STOPLOSS OF 21.35 FOR TARGET 1- 16.65, TARGET2-14.35
LOW RISK WITH HIGH REWARD GOOD STOCK FOR INVESTMENT
Indicators 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.
Everything is mentioned Over the Chart ! Please Comment if You do have any query ! Good Luck !
Entered on 3 Aug at 15.60 with Stop Loss at 13.55 Update Stop Loss on 24 August from 13.55 to 18.40 Current Stop Loss is 18.40 In case of hitting Stop Loss, confirmed profit of 18.40 - 15.60 = 3 points
Reliance Communications Limited Buy Entry CMP SL :Rs :16.85 Target 1: 25.2 Target 2: 30.5
Entered on 03 Aug 18 on 15.45 with a stop loss at 14.45 Current Trailing Stop loss = 14.45 In case of hitting stop loss loss of 1 point.
Tomorrow if 21.20 is held, progressive intermediate resistance levels will be 23.50, 24.35 and resistance is at 27.00. Support is at 13.80-14.00
If the resistance line is crossed then next target is 17.95 and if crossed, next one is at 20.90, support being at 13.80
strong support @15 for bull - breakout @15.8 for bear - breakout @14.8 in my point hold and wait for the action