HOW TO TRADE RELIANCE COMMUNICATION STOCK

 WE DON'T JUST CLAIM THAT WE ARE PREDICTORS BUT ONLY ANALYSTS AND LIKE MOST OF THE TIMES WE PRESENTED YOU THE COMPLETE CHART TO EXPLAIN WHY WE ARE SAYING THAT 

R COM MOVED EXACTLY AS WE ADVISED TARGET IS HUGE

READ OUR VERY DETAILED REPORT SEND TO CLIENTS ON FEB 4TH 2014

 TO BUY RCOM  NEAR 110 WITH SL 105 IT HIT LOW OF 105.90 SEE WHERE THE STOCK IS TODAY 150+

Here’s the Technical Analysis of Reliance Communications stock.

The simple question: Is Reliance Communication stock BUY, Sell or Avoid?
Let us look at the Chart of Reliance Communications

Reliance Communications stock went through really bad time during Telecom sectoral mess b/w 2008-2012 when it tanked from levels of 800 to 50. During decline: the stock created a well defined resistance around 110-115.
In 2013: the stock made first attempt at meaningful recovery from 50 and by September 2013 – the stock rallied all the way to 165. It was a dramatic move and created enormous buzz from breakout to turnaround. It’s interesting that post Sep 2013, Rcom stock has under performed the market. From Highs of 165 – the stock has pulled back to 120. And people are asking: Is the story over? Was that one off move?
The Big Question: Technically – Where is the Support for the stock?
Rule # 1: Breakout Support
The Trading rule says: When a stock makes first breakout move by moving past resistance: the pullback to previous resistance/breakout point must act as support. Based on this rule: Reliance Communications should find buying support near 110-115
Rule # 2: Turnaround Support
The Trading rule says: A long term turnaround happens in the stock when it moves past 200 week moving average. Reliance Communication stock has done that and hence pullback to 200 wma should act as support point. Technically, that level is at 107
Rule # 3: Retracement Support
The Trading rule says: The Fibonacci retracement is the potential retracement of a stock’s original move in price. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. The popular support lies at 50% to 61.8%. As per the chart: 50% Fibo retracement lies at 108 on Rcom chart.

WHAT DOES THIS ALL MEAN?
Reliance Communication stock has convergence of support b/w 107 and 115 on weekly chart and technically, stock should hold this level if stock is genuinely turning around. Reliance communication believers can buy the stock b/w 110-116 with closing stop loss below 105. If stock slips and closes below 105, then one should just give up on the stock.

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POSTIONAL BUY HINDACLO FOR 175 AND BEYOND

POSTIONAL BUY  : HINDALCO MSG GIVEN 6 DAYS BACK ON 30 MAY 2014

BUY 500 HINDALCO 145-149 SL 137 ( ON CLOSING BASIC) TGT 165-175+ 

 

NB:TODAY WE HAVE RAISED THE TGT  ENORMOUSLY WITH FRESH SL FOR OUR CLIENTS

RISKY TRADERS CAN BUY HINDALCO FUT @ 149 SL 145( CLOSING BASIC TGT 165 LOT SIZE 2000----- HIT 169 PROFIT 40000 RS

BUY AMBUJA ITS HEADING TOWARD 250-250

MSG GIVEN TO CLIENTS ON APRIL , 7 , 2014

AMBUJA CEMENT BUY @ 208-209 SL 205(closing) TGT 225-230(short term) and 250-260(medium term)

SHORT TERM TGT ACHIVED TODAY ... NOW LOOKING HOT FOR 250 -260

 

IS TATA STEEL NOW HEADING TOWARD 675 -800?

WE WERE QUITE BULLISH ON TATA STEEL FROM 390 LEVELS :

WE  RECOMMENDED OUR CLIENTS ON  MAY 5 TH CLEARLY TOLD ITS AN MULTIBAGGER IN THE MAKING
 http://trendzofmarket.blogspot.in/2014/05/tata-steel-is-it-multibagger-in.html 

TO BUY TATA STEEL AT 390 FOR TGT 430 IN SHORT TERM AND ABV 430  FOR 500- 525  FOR MEDIUM TERM TODAY THE STOCK HIT ALL OUR TARGETS

LETS HAVE A LOOK NOW WHERE THE STOCK IS HEADING 
The Tata Steel stock has been on a roll this week and has reached our target of Rs.500 -525 mentioned in the previous call. Looking at the long-term charts and the recent price action, we believe that the stock could rally to the next major resistance-cum-target level of Rs.690.  Kindly direct your attention to the weekly chart featured below.

 From the above weekly chart, it is apparent that the rally this week has resulted in a breakout past the key resistance level at Rs.490-500 zone. We expect the uptrend to continue up to the next major resistance at Rs.685-710 range. While there is minor hurdle for Tata Steel at Rs.520 and Rs.550, we expect the stock to sail through these levels and hit the eventual target of Rs.690.

Those who are wanting to buy the stock may await a fall to Rs.485-495 range. We would maintain a positive view on Tata Steel as long as the stock trades above the key support at Rs.450. Those having long positions may push their stop loss to Rs.450. Those eager to buy afresh may await a fall to Rs.485-495 range and have the stop at Rs.450.
Once the price clears the resistance band at Rs.685-710, the stock could then rally to the middle line of the red pitchfork at Rs.780-800. But, let’s think of that scenario after price clears Rs.710.

POSITIONAL CALLL: BHARATI AIRTEL ON WAY TO 380

MSG GIVEN TO CLIENTS YESTERDAY MORNING
BUY BHARTI AIRTEL @ 351  SL 340 TGT 365-375 LOT SIZE 1000 POSITIONAL CALL 1-2 WEEKS--- HIT 369 INTRA DAY -- PROFIT 18000 RS  STILL LOOK HOT FOR 380

HITS & MISSES : MAY 2014

 
CALL OF THE YEAR: BUY FINOLEX CABLES @ 52 ON JULY 2013 AND AGAIN AT 65 IN NOV 2013MANY TIMES  TOLD THIS STOCK WILL TRIPLE AS EXPECTED STOCK HIT 167
 

            HITS AND MISSES MAY 2014
 

TOTAL PROFIT THIS MONTH IN f&O ALONE: RS 14, 09,100 RS (FOURTEEN LAKH RUPEES PROFIT) JUST 2500 RS WE CHARGE
 

Total NUMBER OF CALLS: 46

HITS:   36 MISSES:    10

HITS:

CALL OF THE MONTH

1.  BUY MRF FUT ABV 21220 SL 21000 TGT 22465 LOT SIZE 125 TGT ACHIVED HIT  PROFIT 1,55,625 RS

2.  BUY UNITECH 16.50 -17 SL 15.50 TGT 22-24 AND ABV 25  THEN 33-34 LOT SIZE 12000  HIT 26.75 PROFIT1,20,000 RS

 
3.  BUY HINDUSTAN PETROLEUM  @ 325  TGT 350-380  LOT SIZE 1000 BOTH TGT HIT  PROFIT 55000 RS

4.  BUY TATA STEEL @ 390-395 SL 380 TGT 430-500-525 HIT 485  LOT SIZE 1000 PROFIT 92,000 RS

5.  BUY IBREAL @ 67-67.50   TGT 80-85  LOT SIZE 4000  ALL TGT HIT PROFIT 71,000 RS

6.  BUY KOTAK BANK @ 815-820 SL 790 TGT 900-950-1000 LOT SIZE 500 HIT 950 PROFIT 68,500 RS

7.  ELECTION SPECIAL OPTION CALL: BUY NIFTY 5900 CA @ 158   LOT SIZE 50  HIT 720 28,100 & BUY  NIFTY 6500 PE @ 105  LOSS 5000 RS= TOTAL PROFIT 23000 RS

8.  BUY IOB FUT @ 55.50 SL 53 TGT 58 – 65 LOT SIZE 8000 BOTH TGT ACHIEVED PROFIT 76000 RS

 

                                       FUTURES & OPTIONS

                                                                                                                       

1.   SELL JINDAL STEEL @ 247.50 SL 253.50 TGT 230 HIT 238.50 INTRA LOT SIZE 1000    PROFIT 9000 RS
2.  BUY DLF@ 193 SL 175 TGT 220-240 LOT SIZE 2000 HIT 225 PROFIT 64,000 RS
3.  BUY 1000 DEWAN HOUSING @ 235  TGT 260-280  ALL TGT HIT PROFIT 45000 RS ( STOCK HIT 303 STILL MOVING UPWARDS)
4. BUY TATAPOWER @ 87 SL 83 TGT 100-102  LOT SIZE 4145 BOTH TGT HIT  PROFIT 62,175 RS
5.  BUY CESC @ 440-445 SL 430  TGT 500-530  LOT SIZE 500 TGT HIT PROFIT  42,500 RS
6.  BUY 150 ATUL AUTO @480 TGT 600 PLUS  HIT BOOKED PROFIT AT 650 PROFIT 25,500 RS
7.  BUY APOLLO HOSPITAL @ 945 SL 930  TGT 1100 LOT SIZE 250 HIT 985  PROFIT 10000 RS
8. BUY 500 SIEMENS  685 SL 677  TGT 710-730 BOTH TGT HIT PROFIT 22500 RS
9. BUY IDFC 112 SL 108 TGT 118-122 LOT SIZE 4000 BOTH TGT HIT PROFIT 40,000 RS
10. BUY INDIA CEMENT 71.25  SL 70.45 TGT 74-79 LOT SIZE 4000 ALL TGT  HIT PROFIT 31,000 RS
11.  BUY LT @ 1410 SL 1380 TGT 1500- 1600  LOT SIZE 250 BOTH TGT  HIT 1628 PROFIT 48,750 RS
12.  BUY 3000 PFS @ 18  TGT 25-28-30 HIT 28 PROFIT 30,000 RS
13.  BUY 750  INDIAN BANK @125 SL 115  TGT 170-190 TGT HIT 180 PROFIT 48,750 RS 
14.  BUY 500 MUTHOOT FIN @ 180  SL 155 TGT 210-240-260 HIT 222 PROFIT 21,500 RS
15.  BUY KTK BANK 130 @ 5 RS HIT 17.75 LOT SIZE 2000 PROFIT 25,500 RS
16.  BUY 500 SHARES CORPORATION BANK @ 282 HIT 353  PROFIT 35,500 RS
17.  BUY 2000 LAKSMI VILAS BANK @ 80-82  SL 77 TGT 90-100 HIT 100  PROFIT 38,000 RS
18. BUY IFCI 29.20  LOT SIZE 10000 TGT 31-32  TGT HIT PROFIT 28000 RS
19. BUY 3000 SUZLON @ 12.50 SL 9.50 TGT 22-25-30 HIT 24 PROFIT 34,500 RS
20. BUY 500 INSECTICIDES INDIA @276 SL 265 TGT 310-320-350  HIT 314 PROFIT 19,000 RS
21.  BUY 3000 NIIT LIMITED @ 35.25 SL 32.50 TGT 40-45 HIT 45 PROFIT 29,250 RS
22. BUY  250 ABAN @ 542.50  TGT 600+ EXPLOSIVE MOVE HIT 700 PROFIT 40,500 RS
23.  BUY 2000 BOMBAY DEYING 72.50 SL 69 TGT 85-90 HIT 82.50  PROFIT 20,000 RS
24.  BUY 500 HINDUJA VENTURES @ 275  SL 255 TGT 330-400  FIRST TGT HIT PROFIT 27,750 RS
25.  BUY POWER GRID 130 CA @ 1.50  LOT SIZE 2000 HIT 4.50  PROFIT 6000 RS
26.  BUY 7500 PE @ 45 RS  LOT SIZE 50 WENT ALL THE WAY TO HIT 150  RS PROFIT 5250 RS PROFIT
27. BUY TECH MAHINDRA @ 1880 SL 1860 TGT 1900-1915  FIR TGT ACHIEVED LOT SIZE 125 PROFIT 2500 RS

                                              MISSES:

1.   SELL M& M 1080-1090  SL 1110 TGT 1000 LOT SIZE 250 SL HIT LOSS 3750

2.    BUY CAN BANK 297 SL 290  TGT 310 LOT SIZE 1000 SL HIT LOSS 7000 RS

3.     BUY MCDOWELL 2800 CA @ 33 SL 23  LOT SIZE 125 SL HIT LOSS 1250

4.     BUY GODREJ INDIA @ 298 SL 294 TGT 310 LOT SIZE 1000 HIT SL LOSS 4000 RS

 

5.     BUY WIPRO 510-520 SL 500 LOT SIZE 500 HIT SL  ( AFTER BOUNCING BACK 3 TIMES TO 530)  LOSS  7500 RS

 

6.     BUY  HEXAWARE 140-143 SL 137 LOT SIZE 4000 SL HIT LOSS 20000 RS

 

7.     BUY 3000 SPIC @ 15 SL 13 TGT 20  SL HIT LOSS 6000 RS

 

8.     BUY SPIN 2500 PE @32 SL 18  LOT SIZE 125 SL HIT LOSS 1750

 

9.     BUY IBREAL 90 @ AT 3 RS LOT SIZE 4000 LOSS 12000 RS

 

10.                        BUY HINDALCO 150 CA @ 3.10 SL 2.50 SL HIT  LOT SIZE 2000 LOSS 1200 RS

 
                         CASH CALL
SIGNIFICANTLY
THE CASH CALLS THIS MONTH GIVEN TO PAID CLIENTS WHICH HAVE NOT MOVED UP  SO CAN’T BE PUBLISHED IN THE BLOG

1.     BUY SELAN @325 HIT 655 TGT 1000+ LONG TERM

2.     BUY INFO EDGE AT 390-400  TGT 1000 LONG TERM HIT 744

3.     BUY VIMTALABS @ 55  HIT 124 (DOUBLED)

4.     BUY AARTI DRUGS @ 240 HIT 459

5.     BUY AARTI INDUSTRIES AT 107 HIT 164

6.     BUY LIBERTY SHOES @ 95 HIT 199 (DOUBLED)

7.     BUY SASKEN @ 140 HIT 250

8.     BUY NBCC @ 150  HIT 321 CALL GIVEN 3 MONTHS BACK (LONG TERM)

9.     BUY BLUE STAR BTST CALL  125  TGT 145-160 HIT 143

10.     BUY SOBHA @ 390   STOCK ZOOMED TO KISS 455 IN JUST 3 DAYS TIME

11. BUY TRF  145   HIT 285  STOCK DOUBLED IN 2 MONTHS TIME BOOKED PROFIT  EXIT AT 280

 

 

 

 

 

 (I HAVE NOT CALCULATED THE PROFITS MADE IN CASH CALLS AS I HAVE NOT IDICATED QUATITY)

HINDUJA VENTURES ON WAY TO 400

ONCE AGAIN TRENDZOFMARKET BANG ON TGT HIT ON HINDUJA VENTURE: TOLD TO BUY ON MAY 21 BUY 500 HINDUJA VENTURES 270-280 SL 255 TGT 330-400 IN 1-2 MONTHS--- HIT 345 TODAY PROFIT 27,750 RS

OUR MSG ON MAY 21:
YSTD HINDUJA VENTURES WITNESSED A BIG PRICE VOLUME BREAK OUT.. NOW THE STOCK IS A EXCELLENT BUY ON DIPS STOCK FOR POTENTIAL 30% -50% UP MOVEBUY  HINDUJA VENTURES 270-280 SL 255 TGT 330-400 IN 1-2 MONTHS