Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Rcom 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 17.5RELIANCE COMM
I never thought i will even look it into this. but my friend prompted me to do so ! looks like it will retest 12.5-13 and then fire up. already broken the triangle pattern with triple bottom in place and just over the flag breakout. immediate resistance around 18 then 20-22 !! i think by end of dec it can reach 30 !!risky bet !!!
Reliance Communications Ltd. engages in the provision of telecommunication services. It offers enterprise voice, enterprise data and conferencing. It operates through India Operations and Global Operations segment. The company was founded on July 15, 2004 and is headquartered in Navi Mumbai, India.
RCOM
![RCOM: [Intraday] RCOM Bounce Trade - Outside Bar](https://s3.tradingview.com/l/Llse7L6U_mid.png "[Intraday] RCOM Bounce Trade - Outside Bar")
