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RCOM BREAKS CRUCIAL SUPPORT
RELIANCE COMMUNICATIONS LTD.
Short
RCOM BREAKS CRUCIAL SUPPORT
By NeeteshJain
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Updated
Oct 17, 2016
8
1
1
Sep 29, 2016
Today, the price action breaks out from the important support level of 46-47 levels that indicating further weakness.
Target: 40
Stoploss: 49
Sep 30, 2016
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.
Sep 30, 2016
Note
Short with Stoploss of 48, Target 40
Oct 17, 2016
Trade active
Formed a Bearish Engulfing Candlestick Pattern
breakout
RCOM
support
Support and Resistance
NeeteshJain
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