I am looking to go long with Open or any drop in price with stop 20.80 for Target of 25.80
its not sure weather stock will rise , its just another hope it will rise , because its Reliance
Regards
Rcom
CMP 24.65
The stock is at 50 day EMA
One may consider selling
RCom July contract
Option Type: Call Option
Lot size: 14000
Strike Price: 25
Price: 1
Margin requirement Rs 80000/- approximately
Max profit potential of Rs 14000/- per lot
or max 17.5% yield potential on margin requirement
In built loss protection for rise in stock up to 26 level on ...
RCom
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...!!!
We have been suggesting lower levels to be seen in the stock from levels of 50 and even on 26th May we had posted a chart for Rcom with the headline is this the beginning of the end...??? which was suggesting more difficult times for the stock
Well Today there's a news on RCOM that it trips loan with 10 different domestic lender and the stock is down 14% so ...
RCOM (Weekly) : CMP 34
Stock has given Ascending Triangle breakdown and waiting for RSI to break the secondary support to continue with the weakness.
38-39 strong resistance or supply zone. Pattern target should be near 26 in short to mid term.
Rcom Trading In An Upward Channel , Now After Few Days Consolidation Given Breakout..
Very Good Time To Enter.
Target-Channel Resistance.
Stoploss-As per Your Risk Aptite..
RCOM,At resistance zone. With Pitchfork lines acting as support.
Aggressive Traders can look for shorting opportunity
Buyers should wait for close above 40 to take fresh longs.
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.
We could expect a potential breakout on the upside on RCOM as indicated by RSI. Enter only on confirmation of breakout!
Potential Targets: 33, 35 & 37.5
SL: 28.5
https://in.tradingview.com/x/wdCvE0Dw/
Dear Readers,
I had been observing the stock of RCom for the last many months. Its rise from its recent low of 34.30 to the hight of 38.05, givining due consideration to the internal wave counts, looks to be impulsive in nature. Secondly, the MACD Oscillator has given sign of divergence in the current movement of the ...
