LOW RISK WITH HIGH REWARD GOOD STOCK FOR INVESTMENT
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.
Everything is mentioned Over the Chart ! Please Comment if You do have any query ! Good Luck !
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.
Progressive restance levels for tomorrow: 19.50, 26.50 and 34.25. Support is at 16.20.
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.....
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.