Monday, February 2, 2015

RCOM : Looks like forming short term bottom.

Daily Chart

Stock has seen forming short term bottom in the form of Inverted Head  & Shoulder at the support 61.8% retracement  of previous rally from 50 to 165.

If stocks sustains above 83-84 levels, we could further see it heading towards 90-92 levels.

Near term supports are standing at 78, 75, same can be used as potential stop loss.


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