RCOM BREAKS CRUCIAL SUPPORT
Today, the price action breaks out from the important support level of 46-47 levels that indicating further weakness.
Target: 40
Stoploss: 49
Target: 40
Stoploss: 49
Trade active
Now ideal time to short it again, as it reaches to the previous support levels which may now be acting as strong resistance.Note
Short with Stoploss of 48, Target 40Trade active
Formed a Bearish Engulfing Candlestick Pattern
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.