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NISM Certified Research Analyst & Mutual Fund Distributor.

Friday 26 April 2013

RELIANCE COMMUNICATION 26413

RCOM MOVED VERY SHARPLY DURING RECENT PAST AND KISSED RS.100 MARK. THE MOVE WAS BACKED BY HUGE VOLUMES AND NOW THE COUNTER IS TAKING PAUSE AFTER A SHARP RALLY. WITH THE INDICATORS LOOKING STILL POSITIVE WE ARE OF THE OPINION THAT THE COUNTER MAY CONTINUE ITS UPTREND IN NEAR FUTURE. RECOMMEND BUY AT 93 WITH THE CLOSING SL OF RS.85 FOR THE TGT OF RS.110-115 IN MEDIUM SHORT TERM. 


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