Courtesy :- FREE INTRADAY TIPS

RCOM (Reliance Communications Ltd.)

BUY ABOVE 107.70 Stop Loss 106.70 Target 108.85 – 110.50

After making a low of 96.65 it is continuously moving in an upward trend, in today's trading session it made a high of 107.50 and manages to trade and close above the 10 days and 50 days moving averages. It is looking strong on charts; if it breaks the resistance level of 108 it would be in a bullish trend else it has support at 104. One can go for long position in it for the target of 110. RESISTANCE – 110.50 , SUPPORT - 106.70

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