K-TOS
Long

Nice Risk/Reward ratio for RCOM

NSE:RCOM   RELIANCE COMM LTD
42 1 4
1. Double bottom test
2. In accumulation zone.
3. RSI divergence
4. Great Risk/Reward

Be careful and follow the plan as two things can happen.
1. The trendline is down and if the price breaches the support, the stock can go down huge.

2. If the trendline breaks up, it can be a great Risk/Reward ratio.

So plan the trade as mentioned and keep strict stop loss.

Looks like a very favorable trade since upside potential is huge
and the stop loss is relatively very small.
A great risk/Reward ratio.

Stop @ 45.50 (Closing basis)
Target 1 - 51
Target 2 - 54
Wow! What a timing.
I hope many of you made nice profits on this idea posted just a day ago.
Happy Trading! :)
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