RELIANCE COMMUNICATIONS LTD.
Short
Updated

RCOM BREAKS CRUCIAL SUPPORT

Today, the price action breaks out from the important support level of 46-47 levels that indicating further weakness.

Target: 40
Stoploss: 49
Trade active
Now ideal time to short it again, as it reaches to the previous support levels which may now be acting as strong resistance.
Note
Short with Stoploss of 48, Target 40
Trade active
Formed a Bearish Engulfing Candlestick Pattern
snapshot

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