RELIANCE COMM Daily NSE Stock Chart Technical Analysis:
Reliance Communications made a slight movement today, but nothing worth noticing.
Close & CMP: 95.05
Market Outlook:
- Buy if it closes above 96 or crosses 96 intraday with good volume on 23 Feb.
- The level at 91 is serving as support.
Technical Indicators:
- An inverted hammer-like formation occurred today. Tomorrow the triangle gets completed so the stock should make some interesting movement.
- There is a sideways movement after a big fall (triggered by the probe news on ADAG).
- There is also a steep diagonal resistance. Breaking this resistance with good volume might trigger this stock price upwards and make it buy-worthy.
- Going below 90 is further bad luck for RComm investors.
- The way this stock has sustained the level at 90, let's hope for good news.
RELIANCE COMM Daily NSE Stock Chart Technical Analysis
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