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 Limited is a telecommunications service provider. The Company operates through two segments: India Operations and Global Operations. India operations segment comprises wireless telecommunications services to retail customers through global system for mobile communication (GSM) technology-based networks across India; voice, long distance services and broadband access to enterprise customers; managed Internet data center services, and direct-to-home (DTH) business. Global operations comprise Carrier, Enterprise and Consumer Business units. It provides carrier's carrier voice, carrier's carrier bandwidth, enterprise data and consumer voice services. The Company owns and operates Internet protocol (IP) enabled connectivity infrastructure, comprising over 280,000 kilometers of fiber optic cable systems in India, the United States, Europe, Middle East and the Asia Pacific region.
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RCOM
![RCOM: [Intraday] RCOM Bounce Trade - Outside Bar](https://s3.tradingview.com/l/Llse7L6U_mid.png "[Intraday] RCOM Bounce Trade - Outside Bar")
