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Reliance communication share price chart and trading tips - Stock has formed head and shoulder pattern in daily chart - updated for 28th December 2015, Monday


RELIANCE COMMUNICATIONS

Reliance commutations has formed head and shoulder pattern in daily chart, technical indicates bulls will be favored once it closes and holds above its pattern @ 88.

As long as stock holds below 88 trend will be mix and chances are high that stock may see some correction.

Suggested reading - Click on link to see commodity trading tips.

Stock major trend indicator macd and slow stochastic is moving in positive zone this will favor bulls and expecting stock price to rise further up.

On December 24, 2015 stock price of Reliance communication closed at 86.05.

Stock was on news - Reliance Communications has put on hold the launch of the Facebook Free Basics service following TRAI directive to this effect. “As directed by TRAI, the commercial launch of Free Basics has been kept in abeyance, till they consider all details and convey a specific approval,” a Reliance Communications spokesperson said on Wednesday.

Suggested reading - Click link to see forex charts.

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