February 2, 2012

Reliance Communication Chart Analysis

  • For Rcom its a big volume day. Stock moved from 102 to 91 and its trading near 97 again.
  • 10 Day EMA is at 94 Stock has managed to close above 10 Day EMA from 70 levels. Today being a high volume day a bearish close may give a pull back for rcom in the coming day's.
  • Any close above 98 means that today's action is just a shakeout of the weak bulls and to continue the up move.

No comments:

Post a Comment