RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:
Reliance Communications rose today and climbed back above its support line.
Close & CMP: 133.4
Market Outlook:
- The price seems to be headed upwards again. There is an opportunity to buy.
Technical Indicators:
- A marabozu candle formed today
- The price climbed back above its support line at 132.50.
- A lot of people participated in rallying the price above its support line, almost twice as much trading happened today as compared to yesterday.
- The price is deeply oversold.
- There was a gap-down 4 days ago. This seems like an exhaustion gap and the price could be ready to move up again.
- Rising above 137.5 will be a good signal.
RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis
No comments:
Post a Comment
Post comments to share your thoughts and interact with me. Communication from you inspires me to keep posting !