RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:
Reliance Communication is moving sideways again with a few swings here and there.
It is facing resistance by a 1.5 year old trend line as is visible here. At 174, there is a moment of decision and the price will either push below and go down, or go above and remain up.
If the market rises, the next points of resistance are 190 and 209.
Looking at a long-term chart, Reliance Communications seems to be set up for a big move soon. Considering the company and the steed it belongs to, this move should be upwards. The price could suddenly start rising. Keep an eye on the price levels for this stock. Expect sudden and big moves.
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