Sunday, May 8, 2011

Reliance Communications Ltd(RCOM)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


RCOM closes  at 89.70 with a  gain of +0.70 % on 06 May 2011 with formation of   Small White Candle on Daily  Price Chart. Technically,  RCOM  is looking Oversold on  Charts. Major Momentum indicators are coming out of bearish zone. Swing 350 has given Positive Crossover on Chart. RSI-14 is also moving upward. SVE Inverse Fisher RSI is also moving upward.
We Recommend to BUY & Accumulate    –  RCOM at CMP
Target- 113/140
Stop-Loss – 87/60
Time Frame- 10-60 Trading Days
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