RCOM :Flag to break abv 31 ?RCOM :Flag to break abv 31 ? The recent low looks like a good stop for a positional trade now.
Disc: These are some trade setup ideas only. Please do your own due diligence and trade planning.
RCOM trade ideas
RCOM : Is this a new leg starting here !!RCOM : Is this a new leg starting here !!
If this were to fructify, expect a new year high soon..... I would keep tight stops at recent lows near 26-27
High risk high return counter.
RCOM - Will It Show 50+ this timeFlag Breakout On 1 Hourly Charts..
For Targets of 50-55
Any Dip Towards.. 31-32 Levels.. is Good Level to Buy..
with Stoploss of 28
Short RCOMRCom is overbought and can remain overbought for longer, but its a good short candidate now for a target of 26-27.
Stop Loss 42.00.
Shorting in Futures is highly risky.
This chart is for educational purpose only.
Rcom 04.01.2018 Rcom 1 hour Chart formed Ascending Broadening wedge.
1. Rcom will fill lower gap from 30.50 to 26.80
2. If breakout Bottom Slope ie 26.80 will fall down further to 16.25
3.If Not Break bottom slope Rcom will bullback & raise again to the target of 41.00 & 48.50
Reliance Communication : Value Pick For Mid-Long Term InvestmentTo All Members : RCom is trading on Break-Out ... Much Awaited Break-Out ... Grab it As Soon As Possible .... Levels are mentioned Over the Chart ... There will be A Mega Rally ... Good Luck !!!
Rcom - Is 2018 will be Good Year for this?If this time.. Rcom Touch 12-13 Levels..
Buy on Retest of Trendline Support..
With Stop of 10 Closing Basis..
If Hold than easily 2-3x in Next 1 year
Rcom going down the laneRcom
CMP 16.2
The stock is in down trend
trading below previous important low
suggesting further weakness
Trading plan
One may consider selling
RCOM November month Call option
Lot size 14000
Strike Price 17.5
Price 1.05
Margin requirement approximately Rs 45000 per lot
Profit potential till expiry Rs 14700 /- per lot
Trading in Futures & Options involves risk so do your risk management properly
Exit from strategy if RCom gives a close above 18.35 in Equity
Take care & safe trading...!!!
SHORT RCOM BELOW 15.60; TGT=11.80; SL=18.40SHORT RCOM BELOW 15.60; TGT=11.80; SL=18.40 (PAPER TRADING ONLY)
Edge of Space (EOS) trade in RComWhat is Eos ?
EOS stand for Edge of Space. It is basically a line drawn at the previous Swing High or Swing Low. If the price breaks and closes below the previous swing low making a new lower low, we say that the market wants to go down. However, if later the price rises and cloese above the EOS line, (which might be the case with RCom), we consider it a fake out and expect the market to reverse to hit our very small target.
Similarly, If price breaks and closes above the previous swing high making a new higher high but soon after closes below the EOS line, (drawn at the high of the previous swing high) we consider it a fake out as well.
We rake the help of RSI to confirm the EOS trade. RSI divergence adds to the probabilty of the trade working in our favour.
In the case of Rcom, if the price closes above the EOS line, we go LONG for a small target with stops just below the previous swing low.
Do tell me what you think.
Its Just a Hope of rise 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:23.25 Huge Loss maker is poised for a breakout Res:30RCOM:23.25 Huge Loss maker is poised for a breakout from the falling wedge.
Resistance will be at 30 and 44' Stop 22.5
Rcom: Short sell Strategy with cautionRcom
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 expiry day
Do review your trading plan &
plan your trade accordingly...
Take care & safe trading...!!!
RCom: Trading @ channel resistance zoneRCom
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...!!!
RCOM: Still trading on news...
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 far.
So what do you prefer... trading on news or what stocks try to communicate directly...
Choice is yours...
RCOM Weekly : Ascending Triangle Breakdown 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.
