Reliance Communication Chart analysis

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• Rcom daily chart shows price near falling resistance lines. Bulls need a daily close above the resistance lines for extending the bounce.
• Price is also seen testing 50 day SMA. Need a bullish candle above this line to confirm a bigger up move.
• Weekly chart shows price at make or break levels. If price get resisted at the falling line another fall is likely which will test 50 week sma.