The counter after posting a swing low around 45 showed a sharp recovery. During recent past it formed a strong base around 55 levels and gave a powerful breakout. The counter gained its short term moving averages with decent surge in volumes. With other technical indicators looking quite bullish the counter may continue its northward journey. Recommend Buy 65 SL 58 (CLS) TGT 75-78 in a medium short term.
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Thursday, 10 September 2015
Reliance Communication
The counter after posting a swing low around 45 showed a sharp recovery. During recent past it formed a strong base around 55 levels and gave a powerful breakout. The counter gained its short term moving averages with decent surge in volumes. With other technical indicators looking quite bullish the counter may continue its northward journey. Recommend Buy 65 SL 58 (CLS) TGT 75-78 in a medium short term.
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