Reliance Communications Ltd.CMP — Rs 98.90
Technical Outlook & Trading Strategy:-
The share price of Reliance communication has registered a strong bounce back from it 89 day moving average. The momentum indicators remain in rising trajectory indicating strength in the up move. We expect that the stock price to continue its move up and test the levels of Rs 102 / Rs 105 shortly.
We recommend buying the stock at current price with a stoploss placed below Rs 94.80 levels.
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