Reliance Communications - 24th Dec

Today's Opening - 177
Today's High - 177
Today's Low - 173
Today's Closing - 175
Previous Day's Opening - 178
Previous Day's High - 178
Previous Day's Low - 172
Previous Day's Closing - 175
The stock has had a flattish closing, with volumes lower than the previous day.
The closing candle has been struggling to remain above the 13-day, 16-day Ichimoku Kinko Hyo cloud since 18th Dec.
For the past two days, the stock has been struggling to close above the 13-day Exponential Moving Average.
The 2-day Relative Strength Index is at 94%.
If the stock can close above the 13-day EMA level of 175, then it can be confirmed that the stock has broken the bearish phase and the immediate target for the stock then becomes 190.

Comments