RCOM - LONG - expected target price 53.00 duration 14 days.RCOM LONG
RSI says price is in range
MACD says BUY Trend
expected price 53.00 duration 14 days
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RCOM trade ideas
Nice Risk/Reward ratio for RCOM1.Double bottom test
2. In accumulation zone.
3. RSI divergence
4. Great Risk/Reward
Be careful and follow the plan as two things can happen.
1. The trendline is down and if the price breaches the support, the stock can go down huge.
2. If the trendline breaks up, it can be a great Risk/Reward ratio.
So plan the trade as mentioned and keep strict stop loss.
Looks like a very favorable trade since upside potential is huge
and the stop loss is relatively very small.
A great risk/Reward ratio.
Stop @ 45.50 (Closing basis)
Target 1 - 51
Target 2 - 54
RCOM - AT ACCUMULATION STAGE (LONG TERM INVESTMENT WATCH)It has been trading at it is all time low where we can see accumulation and high open interest in futures contract. It is a good opportunity to buy this one at current levels with a strict stop loss at 46.
RCOM new mergers and up gradation in services will be in news for next few months which will make it in spotlight to all other investors as surely that will add up to company's earnings. Prices will rise from here gradually.
As per my view, it seems to be a handsome investment opportunity .
RCOM at Major SupportRCOM is now near a major support of 46-49 range, a support at which RCOM has taken support previously at least 4-5 times. Going LONG at CMP of 49 with a strict SL of 46 gives a good RR of 1:4.
Reliance CommunicationsReliance Communication has been in a major consolidation phase in the higher time frame. In the daily time frame, there is a breakout and retest. Guess stock is good to make a trip higher.
RCOM AT BUYING ZONE AFTER A MORE THAN 28% CORRECTION, THE PRICE IS AT PREVIOUS SUPPORT LEVEL. I EXPECT AN UP MOVE TO TARGET OF 74.60. KEEP SL AT 62.50
RCOME Daily - Bearish AB=CD with Inverted Head & ShoulderRCOME Daily - Bearish AB=CD with Inverted Head & Shoulder
Buy CMP, SL 80, Target 95.50.
