October 28, 2015

Reliance communication chart analysis

  • Recent up move in Rcom has led the daily towards a golden cross. For the very immediate term the indicators are showing weakness. Sustaining above 74 levels is good for Rcom bulls. 84 and 93 levels are crucial resistance levels. For the long term the Hammer shown in weekly chart is crucial. If price stay above the hammer candle then bigger up moves are possible.
  • Analysis like above will be done on NSE stocks. If the visitors have any query contact me on email. I will try to do posts whenever time permits. 

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