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Reliance Communication

Reliance Communication:-

The stock is slowly grinding lower to the levels of 116.
Major resistance areas are at (139 - 145), if the stock breaks it, then the trading zone of 160 -180 are wide open.

However, till then the short term trend is SELL.

CMP - 131
SL - 135
Target - 121



3rd Jan 2013

Reliance Communication- The stock has taken support at the lower trend line of pitcfork and ichimoku base line, Stock can give sharp upmove towards the upper band of 140. The stock is making base for next upmove towards 151 based upon the harmonics signal.

CMP - 131, TP - 142/151, SL - 130



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