iCharts Discussions

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

VERITAS a Canada-based Investment Research Corp found a value of Rs15/- for RCOM in it’s report on June 8th.It appears that Investors are finding truth in it's Research Report. It may or may not reach that value even it reaches that price it’s not going to be a straight path.

Two alterntive scenarios for it presented in the following chart.

amitkbaid1008 · Yellow Belt Joined: 04 Mar 2009 Posts: 540

Not sure about 15 but 30-32 may come

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

RK, I would buy around 40 for a target of 140 (or more) with 10 as SL for investment

rk_a2003 · Black Belt Joined: 21 Jan 2010 Posts: 2734

Watch RCOM-NIFTY comparison Chart.

When Nifty was at 5043 on 26th July Rcom was around 54. Now on 22nd August Nifty is around 5400 up 350+ points Rcom is at the same level i.e. around 54.

No need to say that RCOM is displaying tremendous weakness.

At the same time there is a positive div in RSI of RCOM.