K-TOS
Long

Nice Risk/Reward ratio for RCOM

NSE:RCOM   RELIANCE COMM LTD INR5
40 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! :)
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out