RELIANCE COMM LTD NSE:​RCOM

Stock is in Long term Down Trend...15-16 is strong Resistance...Tomorrow is Result also. Not for Small and Safe Trader.

My trading idea is mentioned on chart. This educational purpose only.

IT IS ALREADY BREAK THE TREND

RCOM trendlines by #VABAACCURACY

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.

refer chart for details

Rcom: Support is at 13.10-13.25, resistance at 15.60-15.80, target 16.90 (SHORT TERM)

From my previous post , here is an update. please have a proper sl in place. this is risky.. requires immense control on emotions.

As per yesterday's discussion haha. NRML RCOM18DECFUT NFO -28000 17.05 16.70 +9,800.00 -2.05% The game has already began! :)

RCOM Consider selling for Target of 16.8/16.5 Keep Stop loss at 18

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

RCom entered Gann influnce zone today.

Price cross above 15 can take the stock to 26 in quick time.

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 !!!

RSI overbought, possible higher low formation, support at 0.23 fiblevel, short till 13.15 level or long at 13.15 level

my idea

Short Rcom on 12.3 with a .3 stop loss.

Above 18.5, It can reach 21 and 25 levels