RELIANCE COMM LTD NSE:​RCOM

Short Rcom on 12.3 with a .3 stop loss.

LOW RISK WITH HIGH REWARD GOOD STOCK FOR INVESTMENT

RELIANCE COMMUNICATION LTD

Everything is mentioned Over the Chart ! Please Comment if You do have any query ! Good Luck !

Above 18.5, It can reach 21 and 25 levels

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.

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

Break out imminent in RCOM in the next two trading days.

Stock is trading at 0.20 times its book value.. (undervalued fundamentally ) chart pattren tell us lot,s of block deal complete in recent months.. we don't know ..why they do that.. if any good news may be coming in upcoming days.. like merger,, joint venture may be some good news.. etc after that stock ll be ability to rock.. For more query comment below.. i ...

RCOM_technical Chart Looks interesting above 24 can give swift upmvoe.....

Look for a long upper wick in the candle and go short with a stop above it...The pattern is playing out very nicely last many times.

RCOM NEXT MOVE KEEP WATCH Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial ...

Relative Strength Index is a so called momentum indicator that is very popular to use in technical analysis of financial instruments. Here’s a simple walkthrough of RSI and how to calculate. The RSI was developed by J. Welles Wilder. The default setting for RSI is 14 Period or Candles, Which means that RSI evaluates past 14 candles. The RSI Compares the ...