RCOM BUY SETUP

download (2)

After a big fall from the levels of around 40 RCOM finally has bottomed out and made a support zone at the level of 18. Volumes are also good and indicators like MACD & RSI also generating buy signals. So one can long for the initial targets of 22 and then if it breaks this level then further upside is expected. Put a stoploss at 17.50 on closing basis.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s