There is an opportunity to invest as the price action is moving up to Wave 3 after confirming and completing a regular flat corrective structure. Now we shall short corrections and high jumps in price movements.
Target 1: 56
I have observed an impulse from 45-53 levels and then a correction back to previous support. I believe another impulse will begin from current levels that will go up to 55-56 levels. it is assumed that it will be a Wave 3 and may extend to 63-65 levels. It is surely an ideal time to get in this one with risk reward favoring buyers.
It has been trading at it is all time low where we can see accumulation and high open interest in futures contract. It is a good opportunity to buy this one at current levels with a strict stop loss at 46.
RCOM new mergers and up gradation in services will be in news for next few months which will make it in spotlight to all other investors as surely that will...